Simon Moutter will officially take over as new CEO on Monday. He will also sit on Telecom''s board and on subsidiary TCNZ Finance, the Auckland-based company says.

His first major public engagement would be on Friday week, when the company is due to report its annual results.

According to stuff.co.nz, a former Telecom chief operating officer, Moutter resigned from the company in 2008, marking the end of exodus of top managers that followed the Labour government's May 2006 reforms of the telecommunications industry.

Forsyth Barr analyst Guy Hallwright forecasts Telecom will post a 37% increase in earnings to $330.2 million as sales fall 7.4% to $4.68 billion.

Moutter comes in after Scotsman Paul Reynolds' five-year tenure at the top, where he advanced the operational split between Telecom and Chorus that led to last year's divestment.