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- Release Date: 26/02/14 10:30
- Summary: OFFICE: TEL: David Yuile to depart Telecom
- Price Sensitive: No
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TEL
26/02/2014 08:30
OFFICE
REL: 0830 HRS Telecom Corporation of New Zealand Limited
OFFICE: TEL: David Yuile to depart Telecom
STOCK EXCHANGE ANNOUNCEMENT
26 February 2014
DAVID YUILE TO DEPART TELECOM
Telecom has today announced that David Yuile, CEO of AAPT, will be leaving
AAPT effective 28 February 2014, and will accordingly cease to be an officer
of Telecom Corporation of New Zealand Limited on that date.
Telecom Chief Executive, Simon Moutter, said that Mr Yuile has been
instrumental in driving the transformation of AAPT over the past few years
into a highly competitive data and internet provider.
This work has culminated in the sale of AAPT to TPG for A$450million, due to
be settled on 28 February 2014.
"David and his management team have done an outstanding job during the last
three years to simplify, stabilise and reshape the company. With AAPT now
performing very well and joining the TPG group, David departs with our thanks
and best wishes," said Mr Moutter.
- ends -
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End CA:00247475 For:TEL Type:OFFICE Time:2014-02-26 08:30:06
