Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Mark Cairns Announced As Intended Chair For 2degrees

New Zealand’s fastest growing, full-service telco and well-loved challenger brand 2degrees today announced Mark Cairns as the intended chair of the 2degrees board, should its IPO proceed.

Brad Horwitz, 2degrees’ current chair says, “Mark Cairns has outstanding credentials and is widely respected as a CEO and Company Director. He brings significant expertise and leadership along with recognised listed company credentials to what will be a compelling new investment opportunity in both New Zealand and Australia.”

“As we prepare for an IPO, we are pleased to have Mark Cairns ready to lead a board of directors,” says Mark Aue, CEO. “This is an exciting time in 2degrees’ history and identifying our chair sets the tone for a high calibre board to take us into the future.”

Mark Cairns has watched 2degrees’ growth over the past 12 years and is delighted to align with a brand that continues to challenge the status quo and bring fairness to all New Zealanders.

“2degrees changed the game when it entered the telco market. After spending more than $1 billion on its network, it is now New Zealand’s fastest growing full-service telco, both in mobile and broadband connections. With a potential listing of 2degrees on the horizon, they’re poised to achieve even more for New Zealand. I’m impressed with the special culture that exists at 2degrees and proud to have the opportunity to be a part of this next era,” says Mark Cairns.

Mark Aue adds, “We’ve already welcomed Mark and his family as 2degrees customers, and we look forward to welcoming Mark to our 2degrees whānau and working together to deliver greater value for our customers and communities.”

 

Mark Cairns is a director of Meridian Energy Limited, Sanford Limited, and Freightways Limited. He was previously Chief Executive of Port of Tauranga, has extensive experience in logistics, infrastructure, and contracting, and significant exposure to capital markets. Mark has a First Class Honours Degree in Civil Engineering, a degree in Business Studies and a Master of Management. He is a Fellow of Engineering New Zealand and a Chartered Member of the Institute of Directors. In 2019, Mark received the prestigious Caldwell Partners Leadership Award from the Institute of Finance Professionals, and the Deloitte/Management Magazine Executive of the Year Award in 2012.

 

About 2degrees: In 2009, we burst into the market determined to give Kiwis a better choice of telco and a fairer deal. From day one we challenged the status quo by halving the price of pre-pay calls and texts overnight. Since then, we’ve spent over $1 billion on our network to provide broadband and mobile services to cover 98.5% of the places that New Zealanders live and work. We acquired a NZ-based internet service provider in 2015 to offer ADSL, VDSL and UFB services, supported by award-winning, NZ-based customer care. In 2017 we announced a maiden profit and today we’re a fast-growing business with more than 1 million customers, a 1200-strong team and 60 stores around NZ.

No money is currently being sought and no shares or other financial products in 2degrees can currently be applied for or acquired under any offer or intended offer. If an offer of 2degrees shares or other financial products is made, the offer will be made in accordance with the Financial Markets Conduct Act 2013 (New Zealand).

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Auckland: Quarterly Update: Rents Stable During Third Quarter

The average weekly rent for a home in Auckland moved less than $1 during the third quarter, ending 30 September at $606.25, according to data from more than 16,000 rental properties managed by Barfoot & Thompson... More>>



Electricity Authority: Review Of Competition In The Wholesale Electricity Market Raises Questions

In March 2021 the Electricity Authority announced it would conduct a review into competition in the wholesale electricity market. The period of the review covers the sustained elevated electricity prices since an unplanned outage at the Pohokura gas facility in Spring 2018... More>>


Government: RSI ‘State Of The Nation’ Report Published
latest research, science and innovation system report card is now available, and outlines how the system is performing, Research, Science and Innovation Minister Megan Woods has announced. “The report seeks to increase transparency, act as a reliable data source and stimulate discussion... More>>


LAWA: New Zealand Lakes Are Diverse In Their Condition And Type

Freshwater scientists have come together through the Land, Air, Water Aotearoa (LAWA) project to summarise the condition of New Zealand’s monitored lakes. They have found a varied picture of lake condition... More>>



Pamu & Westpac: Market-leading Sustainability-Linked Loan

Westpac NZ and Pāmu have signed New Zealand’s most comprehensive Sustainability-Linked Loan to date, also the largest in the agricultural sector, and the first involving a state-owned enterprise. Pāmu, also known as Landcorp, is New Zealand’s biggest farming business. It will borrow $85m from Westpac NZ over three years... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>