Thursday 28th August 2008
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Roberts replaces Patsy Reddy, who will retire at this year's annual meeting after 10 years on the board.
Telecom this month reported a drop in annual earnings and forecast profit will sink again this year. The company is grappling with increased costs to comply with government regulation in a slowing economy with more competition from rivals such as Vodafone Group Plc.
"It's important our board attracts and retains people with a mix of skills appropriate to a company in transformation," chairman Wayne Boyd said in a statement. Roberts brings "essential marketing, branding and customer satisfaction expertise."
Telecom traded at NZ$3.24 yesterday and has tumbled 26% this year.
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