REG - Telstra Corp. Ld - Telstra announces new CFO

TelstraAnnouncement

03/05/2022 07:00

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RNS Number : 9632J  Telstra Corporation Ld  03 May 2022

 

 

 

 

 2 May 2022

             Office of the Company Secretary

             Level 41

242 Exhibition Street
 RNS
MELBOURNE VIC 3000

AUSTRALIA

             General Enquiries    03 8647 4838

             Facsimile 03 9650 0989

             companysecretary@team.telstra.com (mailto:companysecretary@team.telstra.com)

             Investor Relations

             Tel:  1800 880 679

             investor.relations@team.telstra.com

ELECTRONIC LODGEMENT

 

Dear Sir or Madam

 

Telstra appoints new CFO

 

In accordance with the Listing Rules, I attach a market release, authorised
for lodgement by the CEO, for release to the market.

 

 

 

Yours faithfully,

 

 

 

 

 

Sue Laver

Company Secretary

 

 

MARKET RELEASE

 

 

 

 

 

Telstra appoints Michael Ackland as its new Chief Financial Officer

 

Monday 2 May 2022 - Telstra today announced the appointment of Michael Ackland
to the role of Chief Financial Officer and Group Executive Strategy &
Finance effective from 1 September 2022.

 

Michael is currently Group Executive for Consumer & Small Business and
will take over from Vicki Brady when she starts in the role of Chief Executive
Officer.

 

Vicki said she was pleased to announce Michael as CFO given his strong
financial and commercial acumen as well as his deep strategic and operational
knowledge of the Telstra business.

 

"I was thrilled that we were able to appoint an internal candidate to the role
- Michael has exceptional credentials and is well placed to continue to drive
Telstra's financial outlook and success.

 

"He has strong telecommunications experience and his combination of skills
will benefit the CFO role greatly. I look forward to partnering with Michael
from 1 September," she said.

 

CEO Andrew Penn said he was delighted with Vicki's appointment of Michael
after his successful leadership of Telstra's Consumer & Small Business
group through one of its most challenging periods.

 

"Michael has been instrumental in driving T22 changes, including reducing
consumer and small business in-market plans from 1800 to 20, as well as
improving consumer and small business customers' digital experience and
decreasing call volumes and complaints.

 

"His part in the transformation was also delivered while we were managing
significant COVID impacts for our customers and our people.

 

"Michael's appointment to the CFO role also reinforces the strength of our
internal talent and I look forward to continuing to work closely with him as
we close out T22," he said.

 

Michael was appointed Telstra's Group Executive, Consumer & Small Business
in April 2019, after acting in the role since September 2018.  He joined
Telstra in 2016 as Executive Director of Telstra Country Wide, responsible for
more than 350 retail stores and 16,000 partners nationally before leading
Telstra's consumer and small business sales and service channels.

 

Michael joined Telstra from GE, where he was CEO GE Healthcare, Australia and
New Zealand. This followed executive leadership roles across GE's Australia
and New Zealand business, including financial services, corporate and
healthcare divisions. Prior to GE, Michael was Principal at Boston Consulting
Group, where he worked for eight years.

 

Michael holds a Bachelor of Commerce and a Bachelor of Chemical Engineering
from the University of Melbourne.

 

Telstra will now commence an internal and external recruitment process for the
role of Group Executive Consumer & Small Business.

 

Telstra media contact: Steve Carey, Media Relations

M: +61 413 988 640

E: media@team.telstra.com (mailto:media@team.telstra.com)

Reference number: 038/2022

 

Telstra investor contact: Nathan Burley, Investor Relations

T: +61 457 529 334

E: investor.relations@team.telstra.com
(mailto:investor.relations@team.telstra.com)

 

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