Telstra CEO Andy Penn is stepping down
Telstra CEO apparent Vicki Brady Image: Telstra Telstra’s CEO of seven years Andy Penn is stepping down, with CFO Vicki Brady to take the role as of September 1.
Brady is following the same course as Penn, who initially signed up with Telstra as CFO in 2012 and was elevated to CEO in 2015.
Penn’s period as CEO coincided with the existential obstacle of losing the bulk of Telstra’s fixed line business to NBN Co, turning the incumbent into a reseller of broadband services, while at the exact same time presenting 4G services and charting the migration to 5G.
In an announcement to the Australian Securities Exchange, Telstra chair John Mullen singled out Penn’s management of the T22 strategy as his significant achievement, delivering a “transformed experience for consumers, shareholders and workers”.
“There’s no doubt the technique has provided beyond expectations and has actually laid the structures for Telstra’s recently announced T25 method and a renewed focus on development and development,” Mullen stated.
“Throughout his time as CEO, Andy has actually driven a concentrate on digitisation underpinned by a commitment to simplifying our services and products.
“He has likewise preserved our leadership in networks, consisting of recently through our investment to lead on 5G.”
Mullen stated Brady has the experience to be Penn’s successor, having developed go-to-market plans as part of T22.
Brady has likewise “played an essential leadership function in the advancement of Telstra’s T25 strategy and is well put to lead the business through its next stage,” Mullen stated.
“She might not be more certified to take control of the role to deliver on our T25 dedications.”
Brady’s first signed up with Telstra in 2016 as group executive, customer and small company, before presuming the CFO function in 2019.
Having actually started her career with KPMG, she has likewise worked for Optus and SingTel.
Brady holds a bachelor of commerce from the Australian National University, and a master of science in management from Stanford.