Telstra Corporation Limited
(ASX:TLS) says it will change its organisational structure as it moves forward with a strategic push into Asia.
In a presentation to investors today, Telstra said it had refined a long-term strategy that aligned senior leaders to growth opportunities in Australia and overseas.
Chief executive officer David Thodey says the telco's previous four pillars had evolved into a simpler three pillar approach: improve customer advocacy; drive value from the core; and build new growth businesses.
A number of staffing appointments were announced as part of the strategic shift including the appointment of Brendon Riley as group executive of a new $5 billion revenue business unit operating as a global scale, industry-based services and solutions business.
Kate McKenzie has been appointed chief operations officer, in an expanded role that will have her overseeing the chief technology office and innovation portfolios.
Telstra delivered a full-year net profit of $3.86 billion in fiscal 2013.
