Telecom New Zealand's chief financial officer Marko Bogoievski is being tipped again to take the reins from long-serving chief executive Theresa Gattung next month.<snip> Speculation is heightening among investors that New Zealand's largest listed company could announce a replacement for Ms Gattung in Sydney today, at its third-quarter earnings briefing. Telecom NZ is also expected to announce a capital return to shareholders of at least $1 billion via a share buyback, after selling its Yellow Pages directories business for NZ$2.24 billion in March. At least two major brokers - ABN Amro and UBS - this week raised their recommendations for Telecom NZ ahead of the earnings result. Consensus forecasts are for Telecom NZ's profit to remain almost unchanged at $220 million. Mr Bogoievski has taken a lead role since the company announced Ms Gattung's departure in early February, fronting investor briefings and managing its $320 million takeover of PowerTel. <snip> Originally from Wellington, Mr Bogoievski is seen by institutional investors as having the credentials and experience to succeed Ms Gattung. His cool, measured style and mastery of figures appeal to fund managers. http://www.stuff.co.nz/4045904a13.htmlDavid, who fears that a special dividend may not materialize.
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