Ann: OFFICE: SPK: Spark NZ announces departure of Chief Turnaround Officer

• Release Date: 25/02/15 09:02
• Summary: OFFICE: SPK: Spark NZ announces departure of Chief Turnaround Officer
• Price Sensitive: No
• Download Document  2.14KB

					SPK
25/02/2015 09:02
OFFICE
NOT PRICE SENSITIVE
REL: 0902 HRS Spark New Zealand Limited

OFFICE: SPK: Spark NZ announces departure of Chief Turnaround Officer

MEDIA RELEASE

25 FEBRUARY 2015

SPARK NEW ZEALAND ANNOUNCES DEPARTURE OF CHIEF TURNAROUND OFFICER

Spark New Zealand has announced that Matt Crockett, its Chief Turnaround
Officer, will be departing in the middle of the year at the completion of
Spark New Zealand's Turnaround project to take up a new senior executive role
with Fletcher Building.

Managing Director Simon Moutter said, "I brought Matt back to Spark New
Zealand in mid-2013 to lead a centralised Turnaround Programme, aimed at
delivering significant cost and business improvements across the business. By
any measure, Matt has done a tremendous job.

"The Turnaround Programme has been one of the largest programmes of its kind
seen in New Zealand and has been a key strategic pillar in the ongoing
transformation of Spark New Zealand. It is delivering significant financial
benefits in the order of hundreds of millions of dollars annually and is
helping create the headroom that has allowed Spark New Zealand not only to
reduce prices to offer customers more value, but also is enabling Spark New
Zealand to invest in new growth areas such as Lightbox and Cloud IT.

"As outlined in last week's half-year results announcement, our focus is now
shifting from resetting the foundation of the company to building upon this
foundation in pursuit of growth. One important element of this process, and
the final part of Matt's role before he leaves, will be integrating and
embedding the Turnaround mindset into the day to day running of each of our
businesses. Matt will depart with my best wishes and genuine appreciation for
a job well done, and leaves behind a stronger organisational capability to
identify and deliver opportunities that will create future value."

- ENDS -

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:00261107 For:SPK    Type:OFFICE     Time:2015-02-25 09:02:40