Shareholders Assn gets its girl onto Telecom board

Monday 21st June 2010

Telecom has appointed professional company director Sue Sheldon as an independent director.

Sheldon is based in Christchurch and also sits on the boards of several other high profile NZX-listed companies, including Freightways and Contact Energy, along with holding a directorship of the Reserve Bank.

Telecom chairman Wayne Boyd says Sheldon is well known throughout New Zealand and Australia and has an impressive record of directorships with successful businesses, from the state sector through to the commercial sector, from small to large.

He says Sheldon brings renowned governance expertise, focusing on finance, strategy and risk management.

"Sue will be resolutely independent and committed to Telecom and New Zealand as a whole.

"New Zealand Shareholders' Association proposed to us that we consider Sue Sheldon, and we thought she would bring a range of additional skills that would complement the board at this time of exceptional change for Telecom. We thank the NZSA for its valuable contribution," says Boyd.

Prior to moving into the professional director role, Sheldon practiced as a chartered accountant.

She is a former president of the New Zealand Institute of Chartered Accountants.

The Telecom board has determined that Sheldon is independent in accordance with the requirements of the NZX listing rules and Telecom Board Charter.

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