New CEO To Lead Telstra Through Privatization

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Australia’s biggest phone company, Telstra, has appointed former CEO of U.S. West and Orange SA, Solomon Trujillo as its own CEO. Telstra’s current CEO, Dr. Ziggy Switkowski is stepping down on the first of July.

Telstra has also been appointed as an executive director of the company. He will be moving from California to Australia and begin his new job as soon as Switkowski steps down.

New CEO To Lead Telstra Through Privatization

Telstra Chairman, Donald McGauchie said, “The Board is delighted with Mr. Trujillo’s appointment. We believe he well and truly meets the exacting criteria set down by the Board for the task ahead. We unanimously agree that he is the best person to lead Telstra and believe this is an excellent outcome.

“During his career he has successfully managed fixed line, wireless, broadband and directory businesses – virtually every facet of Telstra’s business. He has enormous depth, expertise and understanding in matters regulatory, operational, financial, marketing and sales and a deep understanding of technology,” added McGauchie. AP reports:

The Government of Prime Minister John Howard, has long sought to fully privatize Telstra but has been blocked by Opposition parties in the Senate, the Upper House of the Federal Parliament.

However, at elections late last year Howard’s center-right administration won control of both Houses of Parliament, clearing the way for it to pass legislation allowing the sell-off of the Government’s stake in the former state-run monopoly.

Trujillo gets to lead the company through its A$30 billion full privatization. Australia’s government is expected to sell its 51.8% stake in Telstra in the second half of next year.

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

Chris is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.

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