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- Release Date: 18/12/12 18:45
- Summary: OFFICE: TEL: Resignation of Nick Olson, CFO
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TEL
18/12/2012 16:45
OFFICE
REL: 1645 HRS Telecom Corporation of New Zealand Limited
OFFICE: TEL: Resignation of Nick Olson, CFO
MEDIA RELEASE
18 December 2012
Resignation of Nick Olson, CFO
Telecom announced today the resignation of Nick Olson as its Chief Financial
Officer. After 11 years with Telecom and the past two years as CFO, Mr Olson
is joining Fletcher Building as its CFO.
"Nick has played an important role at Telecom over recent years, making an
especially vital contribution as he helped navigate the Company through the
complex and challenging process of separating Telecom and Chorus," said Simon
Moutter, Telecom CEO.
"We would like to thank him for his significant, decade-long contribution to
the business and wish him all the very best for the future as he takes on
fresh career challenges at Fletcher Building."
Mr Olson will leave the Company at the end of his three month notice period.
Before his departure, he will manage the announcement of Telecom's interim
financial results for the six months ended 31 December.
Telecom will commence recruitment of a new CFO early in the New Year and a
successor to Mr Olson will be announced in due course, Mr Moutter said.
ENDS
For media queries, please contact:
Andrew Pirie
Head of Communications
+64 (0) 27 555 0275
For investor queries, please contact:
Mark Laing
GM Capital Markets & Investor Relations
Telecom New Zealand
+64 (0) 27 227 5890
End CA:00231299 For:TEL Type:OFFICE Time:2012-12-18 16:45:21
