Reynolds is currently CEO of BT Wholesale, the wholesale business of UK-based telecommunications and IT company BT Group.
He joined BT in 1983 after completing a doctorate in geology at the University of London. Since then he has had a distinguished career, encompassing senior leadership roles in sales and marketing, strategy, information systems, broadband, and guiding BT's wholesale business through the complex process of operational separation, when Openreach was created. He has served on BT's Board of Directors since 2001.
Reynolds will succeed Theresa Gattung, who leaves Telecom on Friday after twelve years at the company, the past eight as the company's CEO.
Simon Moutter has been appointed as acting CEO until Paul Reynolds formally takes up his role. Simon has held a variety of roles at Telecom, including that of Chief Operating Officer, and has a deep understanding of the business.
Chairman Wayne Boyd said he and the Telecom Board were delighted, after a global recruitment process, to have secured the appointment of Paul Reynolds.
"Globally there are few leaders in the telecommunications industry with Paul's combination of skills, knowledge and experience," Mr Boyd said.
Reynolds said he and his family were looking forward to coming to live in New Zealand. "I'm passionate about the telecommunications industry and its power to transform the way people interact, live, work and play.
"I've been a keen observer of the New Zealand experience, and am now looking forward to leading a company that will help to shape the country's future."
Reynolds will be based in Auckland and commence his new role at Telecom in late-September. His appointment is subject to the conditions set out in his summary of employment terms, below. His career summary is also below.
He will commence on a base of NZD $1.75m with annual performance incentives targeted at another NZD $1.75m.
Dr PAUL REYNOLDS: CAREER SUMMARY AND DETAILS
2000-Present Chief Executive, BT Wholesale
2001-Present Board Member, BT Board
2004-Present Board Member of E-Access (Japan)
1998-2000 Managing Director, BT Network & Information Services
1998 Director, BT UK Effectiveness
1997-1998 Director, Strategy
1994-1997 General Manager, Scotland
1993-1994 Programme Director, Information, Communications & Entertainment
1991-1993 Director, Office of the Chairman
1988-1991 Senior Manager, International Voice Products
1983-1988 Roles in product management, marketing, new business development & strategy in the UK & international markets
Reynolds has a PhD in geology from Bedford College, University of London
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Comment by Steve Biddle, on 28-Jun-2007 10:43
Have you had any dealings with him in the UK at all?
Comment by Rob Scovell, on 1-Jul-2007 21:02
He was my boss (way up the line from me somewhat, of course ...) when I worked for BT in Scotland back in 97. BT has come under as much criticism as NZ Telecom has but I think they navigated the massive changes in Telecoms very well over the last 10 years. NZ has some serious catching up to do and this man's experience puts him in an excellent position to push this forward. Good luck to him ... we could have done a lot worse than this. And that's not just my British bias speaking. Rob