Friday 3rd August 2012
|Text too small?|
Telecom's head of retail Alan Gourdie will leave the country's biggest listed company at the end of October, just two months into the telecommunications group's new era under a new chief executive.
Gourdie's resignation is effective Oct. 31. No reason was given for his departure in a statement from the company. He led Telecom Retail, which operates calling, access, mobile and data services to households and small and medium size enterprises, for four years.
Incoming chief executive Simon Moutter will appoint a new head of retail after he picks up the reins on Aug. 31, Telecom said.
"We now have the customer focus and brand required to be a highly competitive retail service provider in the new world of telecommunications," Gourdie said in a statement. "The company has a bright future after demerger and I am pleased to be leaving the business with very good momentum."
Gourdie follows former Telecom boss Paul Reynolds out the door, who left at the end of June, after the telecommunications company successfully carved out its network into a separately listed entity, Chorus.
During his tenure he has had to contend with a new mobile entrant, Two Degrees Mobile, snatching customers from both Telecom and Vodafone New Zealand with cheaper pricing, tougher regulation of mobile pricing, and a faulty launch of its XT network.
The shares rose 1.7 percent to a four-year high $2.70, and have jumped 28 percent this year.
No comments yet
Telecom Corporation of New Zealand (TEL)
Telecom in drive to latch on to growing data usage with 4G mobile launch next month
Telecom lines up to buy 700MHz spectrum to extend reach of 4G network
Telecom backs setting copper prices until 2020, warns against getting too far away from input cost
Telecom puts $60M price tag on new Auckland data centre, Hawkins, AECOM win build
Telecom ends jobs purge, looks for ‘more sophisticated’ ways to save money
Telecom FY earnings fall to bottom of guidance range, sees unchanged dividend in 2014
Telecom takes spat with Vodafone to regulator after dropping court action
Telecom unbundling key to regulator's copper conundrum
Telecom lures customers to faster services in EPL deal