Telstra Corporation Ltd (ASX:TLS) has announced that its chief financial officer, John Stanhope, will retire at the end of this year after four decades with the company.
Telstra has not as yet chosen a replacement CFO but says it has commenced the process to fill the role.
CEO David Thodey says Mr Stanhope has been a driving force in landmark events such as privatisation and last week’s conclusion of definitive agreements with the government for the National Broadband Network.
Telstra’s proposed $11 billion NBN deal will be put to shareholders at the company’s annual general meeting on October 18.
Mr Stanhope will retire as a director of the Telstra Board on December 30.
In the first half of its 2011 financial year, Telstra booked a net profit of $1.2 billion.
