Telecom New Zealand has appointed Simon Moutter, the current chief executive of Auckland International Airport, as its new chief executive officer and managing director.
He will assume his new roles on September 1, replacing outgoing chief executive Paul Reynolds, who has steered the incumbent carrier through a demerger.
Moutter is a former COO at Telecom NZ, before he left to head the airport company in 2004. Prior to that, he had been working for 13 years in the electricity and gas industries.
Telecom NZ said Moutter is the “best candidate” for the job due to his proven ability to lead companies in developing and delivering compelling services for customers.
“He 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,” the company said in a statement.
Moutter will receive a base salary of NZ$1.35 million ($1.08 million), plus an annual short-term performance incentive of $750,000 if he meets the targets set by the board.
He will also receive shares to a value of NZ$600,000 for achievement of those targets.
The total value of the incentive payment and share grant may increase if Moutter significantly exceeds the targets and he will also be eligible for NZ$1 million in share rights annually, the incumbent carrier added.