Simon Moutter new Telecom CEO

Update 1pm: Gen-i CEO Chris Quin welcomes back his old boss

Simon Moutter has been announced as the new CEO and managing director of Telecom New Zealand.

Moutter, who is the current CEO of Auckland International Airport, is due to start his new role at Telecom on September 1.

Moutter is no stranger to Telecom, having been COO there between 2002 and 2006.

Telecom Chairman, Mark Verbiest, says Moutter's previous experience in telcos was a deciding factor on his hiring.

"Simon's knowledge of the telecommunications industry in New Zealand is strong and deep, and he is a proven CEO of a significant listed organisation," said Mark Verbiest, Telecom chairman.

"He has also demonstrated that he can deliver growth in a challenging environment by transforming the customer experience at Auckland International Airport.

Remuneration

Moutter's new role at the head of New Zealand's largest telco will see him earning top dollar in a mix of salary, shares, and incentive-based pay.

- Base salary of $1.35 million, with a performance incentive of $750,000.

- Performance equity incentive of $650,000 in shares.

- Long term incentive of $1 million in shares.

See the full Telecom statement announcing Moutter here.

Simon Moutter acted as Telecom Retail CEO during the transitional period between Theresa Gattung and Paul Reynolds. When Reynolds arrived, he was given the role of chief transformation officer but soon departed for the role of CEO at Auckland International Airport.

In Gattung’s memoir Bird on a Wire, she mentions Moutter as being a possible successor.

“I took succession planning seriously and over several years developed and nurtured two internal candidates who were quite capable of following me as CEO: Marko Bogoievski, the chief financial officer, and Simon Moutter, chief operating officer. However, as things turned out, when the then board chose a strategy of complete capitulation to the government, neither of them was suited to the job and neither of them wanted it then anyway.”

This page from her memoir shows Gattung’s executive team.

Of those featured above Kenrick was recently appointed TVNZ CEO, Bogoievski is Infratil CEO, Moutter has been appointed Telecom CEO, Ratcliffe is Chorus CEO and Verbiest is Telecom chairman.

Update 1pm

This afternoon Gen-i CEO Chris Quin, who had been tipped for the role of Telecom CEO role, has tweeted his congratulations:

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