Florida-based IQ Fiber has tapped Steb Chandor as its new chief financial officer – a hire the company said will be key in its next phase of growth.
Chandor will be responsible for IQ Fiber’s capital markets, finance and accounting as well as financial planning and analysis. His scope of duties also includes procurement, human resources and legal.
“IQ Fiber is delivering on its promise to provide North Florida with a new choice for modern internet service combined with an unparalleled customer experience,” said Chandor in a statement. “I’m excited to join the IQ Fiber team as the company continues to expand the network to serve more customers.”
Chandor touts over two decades of finance experience in the telco space. Prior to joining IQ Fiber, he was CFO at Education Networks of America, a Zayo-owned company that provides internet services to schools, libraries and hospitals.
Additionally, he’s served as finance chief at nTelos Wireless (which merged with Shentel in 2016), iPCS (now owned by Sprint) and Metro One Telecommunications.
Chandor has resided in the Jacksonville area for eight years, where IQ Fiber has focused its network expansion. The operator is building fiber across Alachua, Clay, Duval, Nassau and St Johns Counties.
In May, IQ Fiber scored a $150 million investment from SDC Capital Partners. CEO Ted Schremp then told Fierce IQ Fiber is entering its production phase and it’s aiming to “grow customers by 4x” by the end of 2023.
“In just two short years, IQ Fiber has invested tremendous capital in our network across North Florida,” Schremp said in a statement. “Steb’s extensive experience, combined with his strong leadership skills, makes him a great addition to our senior leadership team as we accelerate our growth and expansion.”
Established in 2021, IQ Fiber is a relative newcomer in the broadband space. CMO Kim Smithers recently told Fierce IQ’s brand “was born out of our desire to create a residential fiber-to-the-home company that offered residents a better, smarter choice.”
“We wanted the name to reflect that simplicity, define what we do and be distinct in the market as the modern, smarter choice for home internet,” she said in June.