FRANK MOUNT RESIGNATION

Tuesday, February 23, 2010

Telecom has today announced that Frank Mount, its CTO, has resigned.

The resignation was accepted by Paul Reynolds this morning and is effective immediately.

“In the interests of our customers, our team and New Zealand, I have regretfully accepted Frank’s resignation,” said Paul Reynolds, CEO,
Telecom.

“I am pleased to announce that CIO David Havercroft will assume the responsibility for all network and IT operations from today and CFO Russ Houlden will carry interim responsibility for our Shared Services operations and Technology Strategy.

“I want to acknowledge with personal gratitude Frank Mount's enormous contribution to Telecom over the past 18 months.  He has worked tirelessly and selflessly for our customers and for Telecom people. The successful delivery of Telecom's Crown Undertakings schedule on Operational Separation represents one of the most significant operational and IT programmes in the company's history and is re-shaping the industry.  I wish Frank well for the future,” he said.
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