www.WirelessFederation.com/news: The chief financial officer of New Zealand’s Telecom Corp, Russ Houlden is to leave the company, as a part of the fast management changes taking place in the telco. Houlden joined Telecom Corp as CFO in April 2008 and will now take up a new finance chief post at an as yet unnamed FTSE 100 company.

By accepting the offer, he will get a chance to return back to UK. While praising Houlden for his contribution to the company during a time of profound change and significant challenges, Telecom Corp CEO Paul Reynolds opined that Russ has brought great rigor, discipline and insight to its financial planning processes as the company’s transformation gathered pace.

Houlden’s departure date has yet not been finalized but it has been made clear that he will remain with the company until a successor is in place. Houlden’s departure from the company is third in the row after wholesale and international division chief Matt Crockett resignation and networks and transformation chief Frank Mount dismissal.