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Mark Ratcliffe To Take Up Full-Time UFB Role

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Fuseworks Media
Fuseworks Media
Mark Ratcliffe To Take Up Full-Time UFB Role

Telecom New Zealand (NZE:TEL) announced today that Mark Ratcliffe will be temporarily standing down from his role as Chorus CEO, to work full-time leading a team focused on ensuring Telecom's participation in the Ultra Fast Broadband (UFB) process.

"A number of our people from across the Telecom group have been seconded in recent months to work through all aspects of the UFB project, and the size and scope of this team requires the very senior leadership and acumen that Mark Ratcliffe can bring to it," said Telecom CEO Paul Reynolds.

"Mark's appointment fits with the spirit of our Undertakings on operational separation, and demonstrates the seriousness with which Telecom is supporting the New Zealand Government's UFB vision.

"As UFB has pan-Telecom implications, it is appropriate that Mark now separates himself from the day-to-day responsibilities of leading Chorus," said Dr Reynolds.

Chorus chief financial officer Brian Hall will now take up the CEO role at Chorus, in an acting capacity.

"Brian has had many years of experience at Telecom and will be a very able stand-in for Mark Ratcliffe as Chorus presses ahead with its nationwide fibre-to-the-node programme and its myriad other activities," Dr Reynolds said.

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