Telstra chief executive Andy Penn says the cleanout and rejuvenation of his executive ranks gives the telco the right mix of skills and experience needed to realise his turnaround strategy and capitalise on the rollout of 5G.
The under-pressure Mr Penn unveiled two headline hires – outgoing SBS managing director Michael Ebeid and Indian telco Reliance Jio executive Nikos Katinakis – and showed four members of his executive team the door as well as handing more responsibility to Robyn Denholm, who will take over as chief financial officer and head of strategy.
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Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
