Andrew Penn will be the new Chief Executive Officer of Telstra, effective 1 May 2015, replacing David Thodey who today announced his retirement after almost six years as CEO.
“Andy is a seasoned executive in global markets with proven capability to lead organisations through significant transitions and major expansion,” said Telstra Chairman Catherine Livingstone.
“He has played a key role in developing Telstra’s long-term growth strategy and we are delighted he will continue to lead Telstra’s plans to increase customer advocacy, core business value and capitalise on new growth opportunities.
“It is testament to David Thodey that we were able to select the next chief executive from within the business.”
Mr Penn said he was delighted to have been appointed CEO to build on Mr Thodey’s transition of Telstra into a customer-focused organisation with significant opportunities in new businesses, domestic operations and overseas investments and partnerships.
“Telstra plays a critical role to provide leading technology solutions and service to our customers in the consumer, business and broader social environment,” he said.
“The Telstra Board and leadership team has developed compelling plans to 2020, and beyond, which will expand our capability as an increasingly global connectivity company and position us for future growth.”
Mr Thodey, 60, joined Telstra in 2001 as Group Managing Director of Telstra Mobiles and was appointed in December 2002 as Group Managing Director Telstra Enterprise and Government. He has served as CEO since May 2009.
Mr Thodey will continue to assist with Mr Penn’s transition from 1 May until the end of the financial year and remain available to the business until late August.
Ms Livingstone paid tribute to Mr Thodey’s tenure as CEO, during which the company’s value more than doubled from below $40 billion to a recent 14-year high above $80 billion.
“David has been an outstanding chief executive for our customers, shareholders and employees. His passion for customer service and instigating true cultural change has had an enormously positive effect on our company, which has been reflected in our financial performance in recent years,” she said.
“David has also taken a significant leadership role in the Australian business community, particularly during his involvement with the B20 last year.”
Mr Thodey said his time as CEO had been focussed on developing a strong leadership team. He said Telstra’s evolution as a customer-focused organisation and the completion of the National Broadband Network agreement with the Federal Government had been of historical importance for the company and the country.
“Our journey to being a world class customer service organisation is generational progress. We have achieved much change but there is a lot more to do,” he said.
“We have provided customers with outstanding connectivity choices, a world class mobile network and new technology to make their lives easier. Andy is ideally placed to keep Telstra on that journey and I’m delighted he has been appointed.”