Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


BDFL - Memuneh
60610 posts

Uber Geek
+1 received by user: 11542

Administrator
Trusted
Geekzone
Lifetime subscriber

Topic # 89332 31-Aug-2011 08:54
Send private message

Just received:


PAUL REYNOLDS TO LEAD TELECOM THROUGH DEMERGER, THE ESTABLISHMENT OF NEW TELECOM AND TRANSITION TO A NEW CEO IN FY 2012/13
31 August 2011

Telecom has confirmed today that its chief executive officer, Dr Paul Reynolds, has committed to lead Telecom through the process of demerging Chorus and the successful establishment of New Telecom as an independent company. This announcement is being made now in order to make intentions clear as regards leadership tenure for the forthcoming period of stakeholder briefings, which lead up to the shareholder vote on the proposed demerger of Chorus.

It is expected that the board of New Telecom will begin a search process during 2012 to identify Paul Reynolds' replacement, who will lead the company during financial year 2012/13 and beyond.

Telecom chairman, Wayne Boyd, said: "I have already indicated my intention to step down as chairman, assuming shareholder agreement to the demerger of Chorus, which is scheduled by the end of 2011.

"I am particularly delighted Paul has agreed to stay on and provide continuity of leadership while the New Telecom business is established under a new chairman and, ultimately, a new CEO. Until then, Paul is fully committed and mandated to lead Telecom towards the completion of the demerger and New Telecom in its establishment as a separate business, building on the momentum we already have in our key markets," said Mr Boyd.

Paul Reynolds said: "I am excited by the challenge of completing the establishment of a new industry structure that is unprecedented in the telecommunications world, and leading Telecom into this new and important era.

"As that process draws to an end during 2012 it will bring to a natural conclusion the transformation programme the Board hired me to lead and, after five years in the role, it will be a good time to hand over to a new CEO.

"Meantime, I'm determined to ensure that New Zealand, Telecom's customers, our people and our shareholders benefit from the demerger and UFB.

"I've had no time yet to develop my plans for the next phase but I certainly aim to retain strong ties with New Zealand," said Dr Reynolds.

 
 




View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2
1709 posts

Uber Geek
+1 received by user: 169

Trusted

Reply # 514229 31-Aug-2011 09:19
Send private message

I'm available... not been asked yet, but I'm just saying... Laughing



BDFL - Memuneh
60610 posts

Uber Geek
+1 received by user: 11542

Administrator
Trusted
Geekzone
Lifetime subscriber

19282 posts

Uber Geek
+1 received by user: 2600
Inactive user


  Reply # 514233 31-Aug-2011 09:22
Send private message

Steve Biddle

780 posts

Ultimate Geek
Inactive user


  Reply # 514234 31-Aug-2011 09:24
Send private message

johnr: Steve Biddle


You mean this guy?

http://www.geekzone.co.nz/sbiddle/2808 

Gets my vote :) 

3888 posts

Uber Geek
+1 received by user: 163


  Reply # 514243 31-Aug-2011 09:39
Send private message

johnr: Steve Biddle


+1  Steve rox...  :)

But how about you Johnr?  :) 





Promote New Zealand - Get yourself a .kiwi.nz domain name!!!

Check out mine - i.am.a.can.do.kiwi.nz - don@i.am.a.can.do.kiwi.nz


2417 posts

Uber Geek
+1 received by user: 274


  Reply # 514245 31-Aug-2011 09:40
Send private message

Interesting the different spins

Press Release "PAUL REYNOLDS TO LEAD TELECOM THROUGH DEMERGER"

Herald "Telecom's Reynolds to quit"

Stuff "Paul Reynolds to quit Telecom"



BDFL - Memuneh
60610 posts

Uber Geek
+1 received by user: 11542

Administrator
Trusted
Geekzone
Lifetime subscriber

192 posts

Master Geek
+1 received by user: 3


  Reply # 514255 31-Aug-2011 09:54
Send private message

Bung: Interesting the different spins

Press Release "PAUL REYNOLDS TO LEAD TELECOM THROUGH DEMERGER"

Herald "Telecom's Reynolds to quit"

Stuff "Paul Reynolds to quit Telecom"


ha, that is the difference between fact based reporting and tabloid journalism!

As he proposed to demerge Telecom the least he can do is follow through and make sure it completed properly.

Chris would also get my vote as new CEO.

6434 posts

Uber Geek
+1 received by user: 1571


  Reply # 514258 31-Aug-2011 09:56
Send private message

Will be interesting to see if they go internally, externally NZ, or externally overseas.

1923 posts

Uber Geek
+1 received by user: 139


  Reply # 514270 31-Aug-2011 10:13
Send private message

NonprayingMantis: Will be interesting to see if they go internally, externally NZ, or externally overseas.

... if they follow the Reynolds model, they'll go fishing.... 

3888 posts

Uber Geek
+1 received by user: 163


  Reply # 514272 31-Aug-2011 10:15
Send private message

oxnsox:
NonprayingMantis: Will be interesting to see if they go internally, externally NZ, or externally overseas.

... if they follow the Reynolds model, they'll go fishing.... 


it's all to easy... bit like shooting fish in a barrel.





Promote New Zealand - Get yourself a .kiwi.nz domain name!!!

Check out mine - i.am.a.can.do.kiwi.nz - don@i.am.a.can.do.kiwi.nz


1440 posts

Uber Geek
+1 received by user: 321

Trusted

  Reply # 514278 31-Aug-2011 10:19
Send private message



As he proposed to demerge Telecom the least he can do is follow through and make sure it completed properly.



And it looks good on his CV, rather than just having falling share price, profits and market share as achievements.

8025 posts

Uber Geek
+1 received by user: 387

Trusted
Subscriber

  Reply # 514411 31-Aug-2011 12:32
Send private message

Personally I think he's done a pretty good job on:

- Improving Telecom's overall image (Telecom rage/hate was much higher under Gatting).
- UFB negotiations.
- Facing up to the public during the XT issues.

Profit was actually up 1.6% if you take out the cost of the earthquake and preparing for chorus de-merger, and in the middle of the worst recession since the great depression.

Haters gonna hate!

3888 posts

Uber Geek
+1 received by user: 163


  Reply # 514425 31-Aug-2011 12:44
Send private message

Ragnor: Personally I think he's done a pretty good job on:

- Improving Telecom's overall image (Telecom rage/hate was much higher under Gatting).
- UFB negotiations.
- Facing up to the public during the XT issues.

Profit was actually up 1.6% if you take out the cost of the earthquake and preparing for separation, in a worst recession since the great depression.

Haters gonna hate! 


I don't know if he did a good job.  I also don't know if anyone could have done a better job.

The fact is, by my observation, that the share price was over valued and I'd agree that the whole Telecom team has done a good job of bringing it back to reality in a reasonable way.  Other providers around the world just dropped value, were written off and sold off.  The Telecom team have done a reasonable job of not being one of those by my observation.

It was a business that started out with 100% market share, which really only ever gave it one direction to head.

Their ability to get NGN delivered seems impressive to me.  Looking at what's happening in .au, those guys are going to be left behind, it's taking so long to get faster 1's and 0's.







Promote New Zealand - Get yourself a .kiwi.nz domain name!!!

Check out mine - i.am.a.can.do.kiwi.nz - don@i.am.a.can.do.kiwi.nz


1923 posts

Uber Geek
+1 received by user: 139


  Reply # 514460 31-Aug-2011 13:34
Send private message

Ragnor: Personally I think he's done a pretty good job on:

- Improving Telecom's overall image (Telecom rage/hate was much higher under Gatting).
- UFB negotiations.
- Facing up to the public during the XT issues.

 
+ 1
 

 1 | 2
View this topic in a long page with up to 500 replies per page Create new topic

Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Cove sells NZ's first insurance policy via chatbot
Posted 25-Jun-2018 10:04


N4L helping TAKA Trust bridge the digital divide for Lower Hutt students
Posted 18-Jun-2018 13:08


Winners Announced for 2018 CIO Awards
Posted 18-Jun-2018 13:03


Logitech Rally sets new standard for USB-connected video conference cameras
Posted 18-Jun-2018 09:27


Russell Stanners steps down as Vodafone NZ CEO
Posted 12-Jun-2018 09:13


Intergen recognised as 2018 Microsoft Country Partner of the Year for New Zealand
Posted 12-Jun-2018 08:00


Finalists Announced For Microsoft NZ Partner Awards
Posted 6-Jun-2018 15:12


Vocus Group and Vodafone announce joint venture to accelerate fibre innovation
Posted 5-Jun-2018 10:52


Kogan.com to launch Kogan Mobile in New Zealand
Posted 4-Jun-2018 14:34


Enable doubles fibre broadband speeds for its most popular wholesale service in Christchurch
Posted 2-Jun-2018 20:07


All or Nothing: New Zealand All Blacks arrives on Amazon Prime Video
Posted 2-Jun-2018 16:21


Innovation Grant, High Tech Awards and new USA office for Kiwi tech company SwipedOn
Posted 1-Jun-2018 20:54


Commerce Commission warns Apple for misleading consumers about their rights
Posted 30-May-2018 13:15


IBM leads Call for Code to use cloud, data, AI, blockchain for natural disaster relief
Posted 25-May-2018 14:12


New FUJIFILM X-T100 aims to do better job than smartphones
Posted 24-May-2018 20:17



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.