Telecom NZ has appointed Simon Moutter as its new chief executive and managing director after a five-month search which started in December 2011.
Moutter, who is currently the chief executive of Auckland International Airport, has previously held senior roles at Telecom and Powerco, including chief operating officer and chief executive respectively.
He will be replacing outgoing chief executive, Paul Reynolds, who confirmed his resignation in August 2011 following the structural separation of Telecom NZ and its Chorus business arm.
The appointment will be effective 1 September 2012.
“Simon’s knowledge of the telecommunications industry in New Zealand is strong and deep, and he is a proven CEO of a significant listed organisation,” said Mark Verbiest, Telecom chairman, in a statement.
“He was instrumental in the transformation of Telecom in the early 2000s, where the company pushed strongly into the IT services sector with the acquisition and expansion of Gen-I, the turnaround of Telecom mobile, and the rollout of nationwide broadband services.”
Moutter said he was eager to return to Telecom.
“I am looking forward to returning to the telecommunications industry, where Telecom, now subject to significantly less regulation, is free to focus on delivering world-class products and services to our customers throughout New Zealand,” he said in a statement.
Moutter will receive a base salary of $1.35 million, as well as receive an annual short-term performance cash incentive of $750,000 if he meets the company targets. In addition, he will receive shares to a value of $600,000 to $1 million.
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