Telstra (ASX: TLS) marches towards a new organizational structure

  • Aug 07, 2018 AEST
  • Team Kalkine
Telstra (ASX: TLS) marches towards a new organizational structure

Telstra Corporation Limited (ASX: TLS) announced a new organizational structure and leadership team while it aims to delivering on its recently announced Telstra 2022 strategy. The changes in Telstra’s leadership structure is scheduled to take place with effect from October 1, 2018.

The company’s main focus is to strengthen its technical capability so that it delivers leading product and services to its customers, improve the efficiency of the business and slash competition. As per the statement of Telstra’s CEO, Andrew Penn, the structural change will ensure support in building 5G and Internet of Things among delivering market leading innovations in network.

While Vicki Brady continues to lead Telstra Consumer & Small Business, former Executive Vice President for India’s Reliance Jio, Nikos Katinakis is reported to lead Telstra’s Networks & Information Technology from mid-October. Alex Badenoch, Group Executive Transformation and People, will lead the Telstra 2022 strategy transformation execution and will play a major role in strengthening employee engagement.

CEO and Managing Director of Special Broadcasting Service (SBS), Michael Ebeid is announced to run Telstra Enterprise from October 8, 2018. His will reportedly be engaged in providing market-leading solutions and services to enterprise and government business. David burns, currently managing Telstra Enterprise since his joining in 2012, will lead Global Business Services to simplify customer service operations.

Brendon Riley will become the Chief Executive Officer of Telstra InfraCo. Robyn Denholm will take the role of Chief Financial Officer & Head of Strategy to support CEO and drive the company’s overall strategy.

The company also announced the departure of Telstra’s four senior leaders which includes Chief Financial Officer Corporate Strategy, Warwick Bray; Stephen Elop, dedicated to building Telstra’s corporate strategy and technical credentials; Will Irving, Group General Counsel; and Joe Pollard, Telstra’s Group executive Media.

TLS shares declined by 1.748% to $2.810 on August 7, 2018.

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