Telstra CEO Andy Penn with mmWave . hotspot
Image: Telstra
The incumbent Australian telecommunications company has announced that from September it will have a new Chief Executive Officer led by Chief Financial Officer Vicki Brady.
After seven years as CEO, Telstra says Andy Penn will retire after joining the company in 2012 as its previous CFO replace David Thodey to lead telecommunications.
The focus of Penn’s time at the helm was corporate T22 strategysaw Telstra reform its corporate structure with InfraCo entities, job cuts and simplified product lines.
Telstra President John Mullen said: “Without a doubt, this strategy has delivered results beyond expectations and laid the groundwork for Telstra’s recently announced T25 strategy and renewed focus on growth and innovation. “.
“During his time as CEO, Andy has focused on digitalization based on his commitment to simplifying products and services for our customers and employees. He has also maintained a leadership position. our network in networks, including our recent investment to lead on 5G.”
In the years that followed, Penn presided over Australian Government Industry Advisory Board about network security.
Brady, who has long been tipped as CEO-in-waiting, will be tasked with overseeing the company’s eventual restructuring, and execute its T25 plans announced last year.
“If T22 is a necessary strategy, then T25 is a strategy for growth,” Penn said last year.
In addition to his role as CFO, Brady continues to run the consumer and small business team, and in 2019 became the group executive responsible for strategy.
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