Directorate Change

 

TIDM52VQ 
 
RNS Number : 9109N 
Telstra Corporation Ld 
26 February 2009 
 

 
 
26 February 2009 
Telstra Corporation Limited 
 ACN 051 775 556 
 ABN 33 051 775 556 
 
 
 
 
 
 
Telstra CEO Sol Trujillo to depart company on 30 June 
 
 
 
 
Telstra Chairman Donald McGauchie today announced that the company's Chief 
Executive Officer, Mr Sol Trujillo, would leave the company on 30 June 2009 to 
return home to the United States. 
 
 
Mr Trujillo discussed his intentions with the Board yesterday. 
 
 
Mr McGauchie said Mr Trujillo and the Board agreed that now was a suitable time 
for a transition to a new CEO given Telstra's transformation is well advanced 
and on track. 
 
 
The Board, through its Nomination Committee, is well prepared with succession 
planning and will now formally commence a wide-ranging search for a suitable 
successor. The Board expects to make an appointment by 30 June 2009. 
 
 
"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. 
 
 
"Under Sol's leadership, Telstra has significantly outperformed the market and 
its global peers, producing world-leading results within the telecommunications 
sector. 
 
 
"The Next G(TM) network is undeniably the world's best national mobile broadband 
network and stands as Sol's crowning achievement." 
 
 
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. 
 
 
"Telstra is outperforming domestic and global peers in virtually every category. 
We are well positioned to hit the key transformation targets we set in November 
2005 and I have every confidence that Telstra will continue to deliver 
world-leading results for shareholders." 
 
 Mr McGauchie said that Sol's many achievements include: 
 
 
  *  the integrated Next G(TM) and Next IP(TM) networks 
  *  a critical role in the successful completion of Telstra's privatisation 
  *  driving innovation across the company 
  *  migration of seven million customers to Telstra's new IT platforms 
  *  the rollout of ADSL2+ to exchanges covering 82 per cent of the population 
  *  Market-Based Management and customer segmentation 
  *  the launch and rollout of the T[life](TM) stores 
  *  expansion into mainland China with successful new acquisitions 
 
 
 
"In 2005, Sol presented to the Board and the market the performance and 
financial metrics by which he wanted to be judged. Without question, he has 
delivered," Mr McGauchie said. 
 
 
"Sol will leave the company exceptionally well positioned for the future, and we 
wish him all the best. 
 
 
"We look forward to Sol continuing to drive the business between now and June 30 
and I have no doubt that his leadership of Telstra over the past four years will 
long be considered a pivotal and critical period in Telstra's history." 
 
 
 
 
Media Contact: 
Andrew Butcher 
Executive Director, Communications and Media Relations 
Phone: [phone] 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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