TFM Networks Hires Director of Finance

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TFM Networks has appointed Stephen Pratt as Director of Finance, to ensure continued strong financial management and profitability and support the company’s rapid expansion and growth strategy.

Joining the virtual network operator as Director of Finance, Stephen is responsible for managing financial integrity and for reporting to the board on key performance indicators, to ensure the company continues to meet projected growth and performance levels.

Stephen joins TFM Networks with 10 years of experience in the finance industry, having worked in chartered accountancy and financial consultancy. He previously worked with TFM Networks for two years on a consultancy basis, joining the virtual network operator this year to meet the increasing financial reporting requirements as a result of rapid company growth.

The appointment also supports TFM Networks’ ambitious growth plans. Stephen’s remit is to ensure a robust financial infrastructure and that the procedures and controls are in place for the company’s planned organic and acquisitive growth within the network and telecoms sectors.

According to Stephen: “Turnover at TFM Networks has almost tripled in recent years, as a direct result of the company’s compelling business proposition. Working with customers at rationalising their communications and networking infrastructure using our stepped change process, we are able to future proof with minimal capital outlay whilst making significant reductions in future operating spend. It’s a proposition which financial and IT directors are looking increasingly closely at in the current economic climate.”

Stewart Yates, managing director of TFM Networks said: “Stephen is a valuable addition to the director team. His financial acumen will give us the clarity to ensure we maintain a high level of integrity in our financial management and continue to monitor and meet our key business targets.”