Deane to step down from Telecom

Roderick Deane

The chairman of Telecom, Roderick Deane, confirmed today he will be standing down from the company within the next 12 months.

Dr Deane said in a statement today his resignation would depend on the board's succession planning.

He said he told the board "a considerable period of time ago" of his wish to retire.

Dr Deane said he had decided some time ago to reduce his corporate responsibilities and was retiring shortly as a director of the ANZ Banking Group, as chairman of the ANZ National Bank, chairman of Te Papa, the National Museum of New Zealand, and as chairman of the City Gallery Wellington Foundation.

Dr Deane said he was keen to devote more time to a number of other activities which he and his wife Gillian had been pursuing over recent years.

He said he would continue as chairman of Fletcher Building, as a director of Woolworths in Australia, as chairman of the New Zealand Seed Fund, as a board member of the IHC and as a trustee of MOTU, an economic and social research group.

- NZPA