Telecom has announced that it has appointed Simon Moutter to the role of chief executive officer (CEO) and Managing Director, effective 1 September 2012. Moutter is currently CEO of Auckland International Airport. He has previously held senior roles at Telecom, including chief operating officer. Prior to that he was chief executive at Powerco.
Telecom says the appointment follows an extensive global search, which commenced in December 2011.
Mark Verbiest, Telecom chairman says Moutter was “instrumental in the transformation of Telecom in the early 2000s, where the company pushed strongly into the IT services sector with the acquisition and expansion of Gen-i, the turnaround of Telecom mobile, and the roll-out of nation-wide broadband services.”
“He has also led the transformation of Auckland International Airport, which has significantly improved the international traveller experience as well as growing customer numbers."
Moutter said he was excited to be returning to Telecom.
“I feel privileged to be selected to lead a resurgent Telecom as it reshapes for success in an even more dynamic communications services market post the demerger.
“I am looking forward to returning to the telecommunications industry, where Telecom, now subject to significantly less regulation, is free to focus on delivering world class products and services to our customers throughout New Zealand,” he said.
Moutter will receive a base salary of $1.35m, and he will also be eligible to receive short and long term incentives.
He will receive an annual short term performance incentive of $750,000 in cash if he meets the targets set by the board. He will also receive shares to a value of $600,000 for achievement of those targets, with the shares received as part of this performance incentive restricted from sale for two years.
Moutter was a speaker at the inaugural CFO summit in 2010.
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