Chorus CEO McKenzie to leave this year as operating earnings decline as expected

Sun, 25 Aug 2019

By Paul McBeth Aug. 26 (BusinessDesk) - Chorus chief executive Kate McKenzie will leave the telecommunications lines company at the end of 2019, having overseen the completion of the ultrafast broadband fibre network's first tranche. The announcement comes as the network operator reported a 2.6 percent decline in operating earnings - in line with expectations - while net profit dropped 38 percent on rising depreciation costs and a bigger interest expense. Chair Patrick Strange said McKenzie had told the board she wanted to return to...

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