STOCK EXCHANGE ANNOUNCEMENT
29 August 2016
Mark Ratcliffe provides notice of intent to step down as Chorus CEO
Mark Ratcliffe has today given notice of his intent to step down as Chorus
CEO and Managing Director around the middle of next year.
Chorus Chairman Patrick Strange thanked Mark Ratcliffe for providing a long
notice period.
"I would like to thank Mark for signalling his intentions very early, which
will give the Board the time to undertake a thorough search for his successor
and also ensure a smooth transition with the minimum of disruption," said
Patrick Strange.
"Mark remains fully committed to his responsibilities as CEO and retains the
full backing of the Board. I have no doubt that he will continue to drive
Chorus for the next year with the same passion and energy that he always
has," he said.
Chorus CEO Mark Ratcliffe said Chorus would continue to operate as business
as usual.
"Aside from allowing the Board to start a recruitment search, it is business
as usual for me and for the Chorus team," said Mark Ratcliffe. "I am very
happy to keep leading a great team of talented people and my hand remains
very firmly on the steering wheel."
Before his appointment as Chief Executive of the new Chorus in 2011, Mark was
Chief Executive Officer of Chorus as an operationally separate business unit
within Telecom.
Mark led the transition of Chorus through the demerger, and was also
Telecom''s executive lead for the Ultra-Fast Broadband initiative.
ENDS
For further information:
Nathan Beaumont
Stakeholder Communications Manager
Phone: +64 4 896 4352
Mobile: +64 (21) 243 8412
Email: nathan.beaumont@chorus.co.nz
Brett Jackson
Investor Relations Manager
Phone: +64 4 896 4039
Mobile: +64 (27) 488 7808
Email: brett.jackson@chorus.co.nz
End CA:00288028 For:CNU Type:OFFICE Time:2016-08-29 08:53:11