StarHub has appointed a key executive from its controlling shareholder as its new CEO, following an “extensive” and “rigorous” global search.

With effect from Jan 1, Nikhil Eapen, who is now deputy CEO of ST Telemedia, will assume the CEO role recently vacated by Peter Kaliaropoulos.

In addition, Eapen, a Singaporean by birth, serves as president and group CEO of ST Telemedia’s Infrastructure Technology (InfraTech) unit, where he helped make investments in infrastructure and enterprise communications and technology, as well as build and acquire cloud-centric platforms in IT, cybersecurity and enterprise software.

Prior to ST Telemedia, Eapen spent 18 years at Citigroup, where he was an investment banker for the technology, media and telecommunications sectors.

To recap, StarHub’s previous Group CEO, Peter Kaliaropoulos earlier in July announced that after two years at the helm will retire due to “an unforeseen medical emergency within his family”.

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“As an experienced executive with a proven track record of regional achievements and broad industry knowledge, my fellow directors and I are confident that Nikhil is well qualified to lead StarHub in managing the challenges that operators face today, and to pursue new opportunities,” says StarHub’s chairman Terry Clontz.

With its consumer business in mobile and pay TV under pressure, StarHub has been trying to find new growth in the enterprise space. 

StarHub shares closed Dec 18 at $1.29, down 9.2% year to date.