Wednesday, February 25, 2009

Sol Trujillo to Step Down as Telstra CEO on June 30

Sol Trujillo will step down as chief executive of Telstra effective 30-June-2009. Trujillo and the company's Board agreed that now was a suitable time for a transition to a new CEO. The company will now formally commence a wide-ranging search for a suitable successor.

Prior to joining Telstra in 2005, Trujillo was CEO of London-based Orange, the first American to lead a CAC-40 company; President and CEO of US West Dex Inc.; President and CEO of US West Communications; and CEO and Chairman of US West Inc.

"Telstra is outperforming domestic and global peers in virtually every category. We are well positioned to hit the key transformation targets we set in November 2005 and I have every confidence that Telstra will continue to deliver world-leading results for shareholders," Trujillo said.