SIMON MOUTTER RESIGNS FROM TELECOM NEW ZEALAND

14 May 2008

Telecom CEO Paul Reynolds today announced the resignation of Simon Moutter, acting CEO Retail and CTO designate, who will take up a role at another listed New Zealand company within the next three months.

“Simon Moutter has made a major contribution to Telecom over the past nine years in a variety of senior roles, including that of chief operating officer,” Dr Reynolds said.

“I am personally grateful for Simon’s help and support in my first few months in Telecom. We will be sorry to see Simon go and wish him well in his new role.”

“It’s been a privilege to lead so many different parts of Telecom over the last nine years and work with a great team of talented people,” Simon Moutter said.

“There are some exciting times ahead and I am pleased by the progress already made in implementing our transformation. For me, it’s now time to move on and take the top job in a listed company.”

Dr Reynolds said Telecom is getting on with its major transformation programme to invest for growth and the long-term health of the company.

“Having already made five new appontments to the Telecom executive team in the last few months we continue to strengthen our leadership and expect to announce the CEO Retail in the near future,” Dr Reynolds said.

Simon Moutter Appointed New Airport CEO

Auckland Airport today announced that Simon Moutter has been
appointed its next Chief Executive. He will join the company
within the next three months.
 
Simon’s most recent position was Chief Operating Officer (Business)
at Telecom New Zealand, where he led the company’s business
customer operations in New Zealand and in Australia. The five
businesses within the group employ over 2,900 staff and have
$2.2 billion in annual revenue.
 
He joined Telecom in 1999, from the position of Chief Executive
at Powerco, where he was responsible for creating New Zealand’s
fourth largest electricity and gas distribution business at the
time.  
 
Simon will succeed Don Huse, who announced his retirement from
this role at the Airport’s annual meeting in October 2007.
Mr Huse has held the position for the past five years.
 
Chairman of Auckland Airport Tony Frankham said he and the Auckland
Airport board is delighted to have appointed Simon Moutter.
 
“We conducted an international recruitment search and are very
pleased to be appointing Simon, with his unique experience leading
key infrastructure businesses in this country, as our new Chief
Executive.
 
Filling the role after the impressive performance delivered by
Don Huse during his tenure was never going to be easy, however
we feel confident Simon's skills are well suited to build on
our achievements to date. 
 
In his leadership roles Simon has a notable track record in building
highly cohesive and effective senior management teams.  This
approach has delivered superior business results throughout the
organisations he has led and increased market share in competitive
environments.
His achievements make him the ideal person to lead the next stage
in Auckland Airport’s master plan as we progressively expand
our facilities to handle up to 25 million passengers a year by
2025.
In addition, Simon’s familiarity with both the telecommunications
and electricity sector, two industries that have faced a changing
regulatory environment in the past 10 years, will be of great
value to the airport in the years ahead," Mr Frankham said.
 
Simon Moutter said Auckland Airport is very highly regarded,
locally and internationally, as a dynamic and well run business.
 
“It’s a fantastic opportunity to lead a local company that
makes such a significant contribution to the New Zealand economy”.
 
Simon, who lives in Auckland, is married with four children.