Telstra CEO to Resign in June
Published on: 25th Feb 2009
Note -- this news article is more than a year old.
The combative CEO of Australia's Telstra, Sol Trujillo is to resign at the end of June, to return home to the United States. Mr Trujillo discussed his intentions with the Telstra Board of Directors yesterday, although there have been previous reports that Telstra Chairman Donald McGauchie had been seeking a replacement for several months.
The firm has had a tense relationship with the Australian government under his leadership - battling over regulatory issues and the privatisation of the firm, though to the public spats over a national broadband project.
"On behalf of the Telstra Board I would like to congratulate Sol on his outstanding leadership and extraordinary achievements," Mr 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.
Mr 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," Mr Trujillo said.