DIRECTOR: TEL: Rod McGeoch to Retire From Telecom Board

10 Aug 2010 8:56 am

TEL 10/08/2010 DIRECTOR

REL: 0856 HRS Telecom Corporation of New Zealand Limited (NS)

DIRECTOR: TEL: Rod McGeoch to Retire From Telecom Board

10 August, 2010

MEDIA RELEASE

ROD MCGEOCH TO RETIRE FROM TELECOM BOARD

Telecom chairman Wayne Boyd announced today that Rod McGeoch would be retiring from the board of Telecom Corporation of New Zealand following this year's annual general meeting, after more than nine years of service to Telecom.

"Rod had already signalled at our annual meeting in 2008 that he would not stand for re-election to the board again.

"His retirement will take effect following our annual meeting on 30 September in Christchurch.

"Rod has been a board member at a time of profound change for our company and industry, including the move to operational separation. I thank him for the dedication, seriousness and enthusiasm he has brought to this role.

"Since his initial appointment on 11 April 2001, Rod has contributed invaluable trans-Tasman, legal and other perspectives to his time on the Telecom board.

"He has chaired and been a member of various board sub-committees over the past nine years. Most recently, he was chair of the board's human resources and compensation committee.

"We wish Rod and his family all the best for the future.

"This year has already seen changes on our board, with the appointment of Sue Sheldon as a director.

"Meanwhile, our industry is facing large-scale change, as the Ultra Fast Broadband project advances.

"Telecom now looks forward to the making of key decisions in this area by government, to help us ensure the mix of skills and experience on our board remains appropriate for the new era of telecommunications," Mr Boyd said.

Contact:

Mark Watts Telecom New Zealand 0272 504 018 End CA:00198169 For:TEL Type:DIRECTOR Time:2010-08-10:08:56:49

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