Theresa Gattung is a prominent New Zealand businesswoman, author, and philanthropist who has made a significant impact in the corporate world. Best known for her role as the CEO of Telecom New Zealand (now Spark New Zealand) from 1999 to 2007, Gattung has been a trailblazer in a variety of industries, including telecommunications, insurance, and digital startups. Her leadership and business acumen have earned her both recognition and financial success. As of 2024, Theresa Gattung’s net worth reflects her decades of work in top executive roles, her investments, and her ongoing business ventures.
Career Highlights and Leadership at Telecom New Zealand
Theresa Gattung began her career in the corporate sector in the 1980s, working in marketing and management roles at leading companies such as Unilever, National Mutual, and the Bank of New Zealand. Her career took a significant leap in 1996 when she joined Telecom New Zealand as Group General Manager of Marketing.
In 1999, Gattung became the first woman to lead a large public company in New Zealand when she was appointed CEO of Telecom New Zealand. Her tenure as CEO lasted until 2007, during which she navigated the company through a period of rapid technological change and market competition. Under her leadership, Telecom New Zealand expanded its mobile and broadband services and maintained its position as the dominant player in the New Zealand telecommunications market.
Business Ventures and Investments
After leaving Telecom New Zealand, Theresa Gattung continued to build her career through various business ventures and investments. She has served on the boards of several companies and organizations, including Sky City Entertainment Group, AIA Australia, and Woolworths New Zealand. Gattung has also invested in and supported numerous startups, particularly in the technology and digital sectors.
In 2012, Gattung co-founded My Food Bag, a meal kit delivery service that quickly became one of New Zealand’s most successful startups. The company’s growth and eventual listing on the New Zealand Stock Exchange (NZX) significantly contributed to Gattung’s wealth. My Food Bag’s success is a testament to Gattung’s ability to identify and capitalize on emerging consumer trends.
Income Sources and Earnings
Theresa Gattung’s net worth is derived from multiple income streams, including:
- Executive Salaries: During her time as CEO of Telecom New Zealand, Gattung earned a substantial salary and bonuses, which contributed significantly to her wealth.
- Board Memberships: Gattung has held numerous board positions in large corporations, earning director fees and stock options that have added to her income.
- Investments: Gattung’s investments in startups and established companies have been a key source of her wealth. Her stake in My Food Bag, in particular, has been a significant financial success.
- Books and Speaking Engagements: Gattung is also an author and a sought-after public speaker. Her memoir, “Bird on a Wire,” details her experiences in the corporate world and has been well-received. She often speaks at conferences and events, earning additional income through these engagements.
Estimated Net Worth
As of 2024, Theresa Gattung’s estimated net worth is around $40 million to $50 million NZD (approximately $25 million to $30 million USD). This estimate reflects her earnings from her time as a top executive, her ongoing roles in various companies, and the success of her investments, particularly in My Food Bag.
Philanthropy and Advocacy
Theresa Gattung is also known for her philanthropic efforts. She is passionate about gender equality and has been involved in numerous initiatives aimed at empowering women in business. Gattung has supported organizations that focus on women’s leadership, education, and health. Her philanthropy extends to other areas as well, including animal welfare, reflecting her broad commitment to giving back to the community.
In 2015, she established the Gattung Foundation, which focuses on supporting causes that align with her values, including women’s rights, animal welfare, and social justice. The foundation has funded various projects and organizations that make a positive impact in these areas.
Personal Life and Legacy
Theresa Gattung is known for her strong leadership style and her commitment to mentoring the next generation of business leaders. She has been a vocal advocate for women in leadership and has used her platform to encourage greater diversity in the corporate world.
Gattung leads a relatively private life but remains active in the business and philanthropic communities. Her contributions to the New Zealand business landscape and her work in promoting gender equality have left a lasting legacy.
Conclusion
Theresa Gattung’s estimated net worth of $40 million to $50 million NZD is a reflection of her successful career in the corporate world and her strategic investments in various ventures. As a trailblazer for women in business and a dedicated philanthropist, Gattung has not only accumulated significant wealth but also made a lasting impact on the industries she has been involved in. Her continued influence in business and philanthropy ensures that she remains one of New Zealand’s most respected and successful entrepreneurs.