Trujillo named as Telstra CEO

 

Telstra has appointed a US-trained executive, Solomon Trujillo, as its new CEO, replacing Ziggy Switkowski who steps down 1 July.

Telstra has appointed a US-trained executive, Solomon Trujillo, as its new CEO, replacing Ziggy Switkowski who steps down 1 July.

Trujillo, who takes on the role of CEO and executive director, will move to Australia from California to take up the position on 1 July.

Donald McGauchie, chairman at Telstra, said Trujillo's career had taken in the management of fixed line, wireless, broadband and directory businesses.

"He has enormous depth, expertise and understanding in matters regulatory, operational, financial, marketing and sales and a deep understanding of technology," McGauchie said.

"Trujillo has successfully led a number of major cultural and business change programs," McGauchie said. "We believe Telstra will similarly benefit from his pragmatic innovation, strategic and tactical thinking and outstanding implementation."

Trujillo has a Bachelor of Business and an MBA from the University of Wyoming. He has been CEO at UK-based telecommunications provider Orange. He has also been CEO at technology company Gravitron, and spent 26 years at US West.

Trujillo has been appointed on an ongoing contract, with a fixed remuneration package of $3 million per annum. In addition, would receive an annual short-term incentive of up to the value of $3 million and an annual long term incentive of up to the value of $4 million, linked to "significant performance milestones".

He also receives an initial sign-on payment of $1 million and 50 percent of his first year incentive on commencement, according to a statement from Telstra.


 
 
 
Top Stories
Westpac committed to core banking plan
[Blog post] Now with leadership.
 
The True Cost of BYOD - 2014 survey
Twelve months on from our first study, is BYOD a better proposition?
 
Photos: Unboxing the Magnus supercomputer
Pawsey's biggest beast slots into place.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
What is delaying adoption of public cloud in your organisation?







   |   View results
Lock-in concerns
  30%
 
Application integration concerns
  3%
 
Security and compliance concerns
  27%
 
Unreliable network infrastructure
  9%
 
Data sovereignty concerns
  22%
 
Lack of stakeholder support
  3%
 
Protecting on-premise IT jobs
  4%
 
Difficulty transitioning CapEx budget into OpEx
  3%
TOTAL VOTES: 1167

Vote