Mark Ratcliffe will be stepping down from the position as chief executive of Chorus around the middle of next year.
Chief executive of Chorus Mark Ratcliffe has announced he will step down from the role around the middle of next year.
Ratcliffe was CEO of the company when it was a business unit within Telecom and led the demerger in 2011.
He has since then steered Chorus' role in the
nationweide Ultra Fast Broadband initiative and fibre roll-out.
The announcement comes as Chorus this morning reported a net profit after tax of $91 million, unchanged from a year earlier, and earnings before interest, tax, depreciation and amortisation of $594 million for the year ended 30 June 2016.
The fibre roll-out is now 57 per cent completed. The company has recently said it has struggled to find qualified staff to cope with the roll-out as well as regular winter weather interferences to its copper network.