Replacement announced.

David Thodey will relinquish the top job at Telstra in May after six years in the role, revealing plans to retire today.

He will be replaced by Telstra's current chief financial officer, Andrew Penn. Penn will be based in Melbourne.

Thodey will briefly stay on at Telstra following his retirement on May 1 to assist Penn's transition to the CEO role. He will completely exit the telco in "late August", according to a financial filing.

Thodey joined Telstra in 2001 as group managing director of its mobile business. He then ran the enterprise and government business,...

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