Telstra CEO Andy Penn is stepping down
By
Richard Chirgwin
Vicki Brady named successor.
Telstra’s CEO of seven years Andy Penn is stepping down, with CFO Vicki Brady to take the role as of September 1.
Brady is following the same path as Penn, who first joined Telstra as CFO in 2012 and was elevated to CEO in 2015.
Penn’s tenure as CEO coincided with the existential challenge of losing the bulk of Telstra’s fixed line business to NBN Co, turning the incumbent into a reseller of broadband services, while at the same time rolling out 4G services and charting the migration to 5G.
In an announcement to the Australian Securities...
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