Telstra CEO Sol Trujillo will leave the company later this year to return to the United States, it was announced today.
Telstra chairman Donald McGauchie said Trujillo and the Board agreed that now was a suitable time for a transition to a new CEO given Telstra’s transformation is well advanced and on track.
The Board will now formally commence a wide-ranging search for a suitable successor. The Board expects to make an appointment by 30 June 2009.
“On behalf of the Telstra Board I would like to congratulate Sol on his outstanding leadership and extraordinary achievements,” McGauchie said. “His vision, strategic direction and commitment to execution have positioned Telstra as a media communications company with a wide range of options for ongoing growth.”
Trujillo thanked the Telstra Board and the company’s employees for their strong support and commitment since his arrival in July 2005. He said he would continue to drive the business until his departure at the end of June and work with the Board and senior management to ensure a smooth transition.
“I would particularly like to thank my senior management team and Telstra’s employees who are truly committed to bringing world-leading services to our customers. The results we have achieved together over the past four years make me incredibly proud,” Trujillo said.
McGauchie said that Sol’s many achievements included:
* the integrated Next G™ and Next IP™ networks
* a critical role in the successful completion of Telstra’s privatisation
* driving innovation across the company
* migration of seven million customers to Telstra’s new IT platforms
* the rollout of ADSL2+ to exchanges covering 82 per cent of the population
* Market-Based Management and customer segmentation
* the launch and rollout of the T[life]™ stores
* expansion into mainland China with successful new acquisitions
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