Telecom has today announced the changes that will occur to its board if the proposed demerger is approved, including a new independent Chairman.
The information was released as part of the demerger scheme booklet published today, which provides shareholders with the information to enable them to vote on the demerger proposal.
Should the demerger proceed, professional director and former corporate lawyer Mark Verbiest will succeed Wayne Boyd as Telecom Chairman from the date of the demerger. Mr Boyd indicated last year that he would step down once the demerger transaction is concluded.
Mr Verbiest is also the Chairman of Transpower, along with being a director of other companies, including listed companies AMP NZ Office Limited and Freightways Limited.
In addition, he is a member of the board of Trustees of the Government Superannuation Fund Authority, and is a board member of the Financial Markets Authority.
“The board believes that Mark Verbiest is the right man to lead the stewardship of the interests of shareholders as Telecom addresses the opportunities and challenges after a demerger,” said Wayne Boyd, Telecom Chairman.
No comments:
Post a Comment