Ann: DIRECTOR: TEL: Telecom Board announces Directorship changes

• Release Date: 09/06/14 13:10
• Summary: DIRECTOR: TEL: Telecom Board announces Directorship changes
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					TEL
09/06/2014 13:10
DIRECTOR

REL: 1310 HRS Telecom Corporation of New Zealand Limited

DIRECTOR: TEL: Telecom Board announces Directorship changes

Market Update

9 June 2014

Telecom Board announces Directorship changes

Telecom has announced that non-executive director Kevin Roberts has retired
from the Board of Directors after serving for nearly six years, and that the
Board has appointed Ido Leffler as an independent non-executive director to
replace Mr Roberts.

Mr Roberts, the CEO Worldwide of Saatchi and Saatchi, has been a member of
the Telecom Board since August 2008.

Telecom Chairman Mark Verbiest said, "On behalf of my fellow directors I'd
like to thank Kevin for his contribution to Telecom. Kevin has helped guide
Telecom through one of its most transformative phases. This includes the
demerger of Chorus and more latterly a bold repositioning strategy that is
culminating in the change of name to Spark.

Mr Roberts said, "Telecom is now a retail service provider, competing in the
real world of freedom of choice. And having brilliant brands that connect
with the hearts of customers is first and foremost. I look forward to seeing
Spark, over time, become one of New Zealand's most loved brands."

Mr Verbiest, says the Board undertook an extensive domestic and international
recruitment process for a replacement and was delighted to be able to
announce the appointment of Mr Leffler.

"Ido's appointment will help Telecom's development of exciting new digital
services as we transform to Spark and tackle the challenges and opportunities
of the digital era. His experience positively complements the mix of skills
and experience of the existing board members."

Mr Leffler says he is excited about joining the Board, "Telecom is one of the
most iconic brands in New Zealand. The chance to work with a phenomenal team
to reinvent and relaunch the brand is an incredible opportunity. I'm
impressed with the team's level of dedication to developing a company with a
mission to truly make a difference in the community. After hearing the vision
of the leadership and board members, combined with the technology, media, and
social good platforms within Telecom, I realized this was an opportunity I
had to accept."

In accordance with the Company's constitution, Mr Leffler will retire and
offer himself for election at the annual meeting of shareholders to be held
on 7 November 2014.

-ENDS-

Bio for Ido Leffler

Ido Leffler is the Co-founder & CEO at Yoobi, a new school supplies company
that engages kids through bright colours, cool designs, and most importantly,
cause. Yoobi is sold exclusively at Target (USA) stores nationwide. For every
Yoobi item purchased, Yoobi distributes an item to a classroom in need, in
the USA.

By 2015, Yoobi aims to impact more than 30,000 classrooms, with the goal of
changing the lives of over 750,000 kids. Ido is also Co-Founder of San
Francisco based Yes To Inc. (the makers of Yes To Carrots, Yes To Cucumbers,
Yes To Tomatoes, Yes To Blueberries and Yes To Grapefruit). Yes To is one of
the leading natural beauty brands in the world (Yes To (TM) is the # 2
natural beauty brand in the USA) with distribution in over 25,000 stores in
over 20 countries (including Target, Wal-Mart, Walgreens, CVS, Kroger,
Safeway, Publix, Ahold, Ulta, Whole Foods Market, Boots UK etc).

Ido sits on numerous corporate/advisory boards including The United Nations
Foundation Global Entrepreneur Council & The Dell Global EIR Advisory Board.

Ido co-authored the book "Get Big Fast and Do More Good," which was published
in November 2013, and has received accolades from TIME, Entrepreneur, Forbes,
SUCCESS Magazine, among others. "Get Big Fast and Do More Good" was named one
of the top 5 business books of 2014 by 1800CEOREADS.com

Amongst others awards, Ido was named by Fast Company as one of the 1000 most
creative people in business (USA 2014) by SmartCompany (Australia 2008) in
its 30 top entrepreneurs under 30, by Women's Wear Daily as one of the top 12
beauty industry leaders under 40 (USA 2013) and by Australian Unlimited (An
Australian government initiative) as one of the top 50 Achieving Australians
outside of Australia (2013).

Ido attended the University of Technology Sydney where he earned his Bachelor
of Business in Marketing & International Business.

For media queries, please contact:
Richard Llewellyn
Head of Corporate Communications
+64 (0) 27 523 2362

For investor relations queries, please contact:
Mark Laing
General Manager Corporate Finance
+64 (0) 27 227 5890
End CA:00251350 For:TEL    Type:DIRECTOR   Time:2014-06-09 13:10:43