TelstraClear today announced the departure of its Chief Executive Officer Dr Allan Freeth, pending the completion of the sale of TelstraClear to Vodafone New Zealand, expected on 31 October 2012.
Dr Freeth has been CEO of TelstraClear since 2005 and during that time has successfully led the company through significant change.
TelstraClear Chairman, Gordon Ballantyne, said TelstraClear had grown from a fledgling challenger to a major profitable player under Dr Freeth’s leadership.
"Allan has also played a key part in the sale of Telstra Clear to Vodafone NZ, which we expect to complete shortly. We thank Allan for his commitment and effort over the 7 years he led the company and wish him all the best for the future,” Mr Ballantyne said.
Dr Freeth’s last day with TelstraClear is 1 November 2012.
The announcement comes after the Commerce Commission ruled in favor of Vodafone New Zealand acquisition of TelstraClear.