Australia's TPG Telecom appoints new CFO amid asset buyout offer (updated)

Domain Holdings Australia

07/08/2023 01:06

(Adds details of potential Vocus offer, Dempsey's tenure and new CFO's
employment history in paragraphs 2-4)
       Aug 7 (Reuters) - Australia's TPG Telecom  TPG.AX  said on Monday that
it had appointed John Boniciolli as the group's new chief financial officer from
Nov. 13 after current CFO Grant Dempsey decided to retire. 
    The move comes amid a potential offer from Macquarie-backed rival Vocus to
buy some of TPG's non-mobile fibre assets for about A$6.3 billion  ($4.14
billion). 
    The telecom firm said Dempsey would continue with the company in an advisory
capacity until early to mid-2024 to ensure a full handover.
    Boniciolli's current employer, Domain Holdings Australia  DHG.AX , said he
would leave the company in early November. Prior to that role, Boniciolli served
as the CFO of Vodafone New Zealand. 
($1 = 1.5214 Australian dollars)

 (Reporting by Archishma Iyer; Editing by Kim Coghill and Jamie Freed)
 ((Archishma.Iyer@thomsonreuters.com;))