Gray will continue to lead through a transition period although his successor has not been named.
Both managing directors intended to stay on in the business.
Flip will be making just $3.50 a week from customers after Chorus takes its cut.
Technology: Reserve banks take different paths towards digital currency.
The donation software company also announced a share split.
But decision doesn't impact promising forecast for Chorus, analyst says.
Will reach across the entirety of its UFB1 network, to about 75% of Kiwis.
Report predicts fewer small firms and increased reliance on foreign investment.
The money will be used to fund the tech startup’s market entry into the US.
Technology: Stars align for former NZX tech darling now in private hands.