AAPT CEO Yuile to resign this week


By Andrew Collins
Wednesday, 26 February, 2014


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AAPT CEO David Yuile will leave the company this Friday, the same day that the sale of AAPT to TPG is finalised.

The $450 million sale of AAPT to TPG by parent company Telecom NZ was announced late last year.

Yuile appears to be leaving on a relatively high note - Telecom NZ announced last Friday that AAPT’s H1FY14 EBITDA of $47 million was up 70% from the prior calendar period.

“I am incredibly proud of what we have achieved at AAPT, transforming the company into a highly competitive data and internet provider,” Yuile said.

“It is the result of commitment and hard work by staff and management during the past few years and, more importantly, the support of our customers,” he said.

Telecom NZ CEO Simon Moutter said: “With AAPT now performing very well and joining the TPG group, David departs with our thanks and best wishes.”

Yuile said he intends on taking a break to focus on new opportunities.

“I am ready for a change and it is the right time for me to consider new options,” Yuile said.

Pictured: Outgoing AAPT CEO David Yuile.

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