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Telecommunications BT executive to head Telecom New Zealand
Telecommunications BT executive to head Telecom New Zealand | BT executive to head Telecom New Zealand |
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| by Stuart Corner | |
| Thursday, 28 June 2007 | |
  
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Telecom chairman Wayne Boyd, claimed that "Globally there are few leaders in the telecommunications industry with Paul's combination of skills, knowledge and experience. Paul has led programmes of significant change at one of the world's largest telecommunications companies, in a regulatory environment that has parallels to New Zealand's." Reynolds has been appointed for an indefinite period on a base salary of $NZ1.75 million per annum, plus an annual performance incentive with a target value of $NZ1.75 million, to be delivered 60 percent in cash and 40 percent in restricted shares (subject to shareholder approval). He will also be eligible for a long-term incentive of up to $NZ1.75 million by way of performance share rights with a zero-exercise price, subject to the approval of shareholders.{moscomment} |
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