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. Ratcliffe said Chorus' financial result was impacted by five and a half months of lower regulated pricing for copper services. The Commerce Commission's review of regulated pricing for Chorus' key copper services, completed in December 2015, provided a better pricing path to 2020 than the initial bench marked pricing.

Source: New Zealand Herald August 28, 2016 21:22 UTC