Andrew Penn is to be the new CEO of Telstra Corporation Limited
(ASX:TLS) as David Thodey announces his retirement today after almost six years in the role.
Company Chairmen Catherine Livingstone said today that Andy is a seasoned executive in global markets with proven capability to lead organisations through transitions and major expansion.
She added that it is testament to David Thodey that the company was able to select the next CEO from within, and that the company’s value has more than doubled to $80 billion during his tenure.
Mr Penn says he will build on Mr Thodey’s transition of the company into a customer focussed organisation with opportunities in new businesses and partnerships.
Telstra reported a net profit of $2.1 billion in the first half of the 2015 financial year.
