Telstra CEO to step down in 2005

1 Dec 2004

Australian incumbent Telstra today announced that its Chief Executive Officer Dr Ziggy Switowski has decided to step down from the role on 1 July 2005, or earlier if a new CEO is appointed beforehand. The agreed date is two years before Dr Switowski’s contract was set to end. The company said that it will start searching for a suitable replacement immediately.

The Australian government is expected to sell its 50.1% stake in Telstra during the second half of 2005. Telstra remains the dominant Australian operator with around eight million mobile subscribers and ten million fixed line customers.

Australia, Telstra (incl. Belong)