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TELSTRA'S CEO TO STEP DOWN BY JULY 2005.
SYDNEY, Dec 1 Asia Pulse - Telstra Corp (ASX:TLS) chief executive Ziggy Switkowski will step down by July next year, just as the federal government gears up for the full sale of the telco.
Dr Switkowski has agreed with the Telstra board that he will leave on July 1, unless a replacement is found earlier.
That's the same day that the Coalition gains control of the Senate, giving it a chance to push through its plans to sell its 51.8 per cent stake in Telstra.
Dr Switkowski will leave at least two-and-a-half years before the end of his contract, which was due to expire in December 2007.
Telstra chairman Donald McGauchie said the board would immediately begin a wide-ranging search to find a replacement.
Mr McGauchie did not specify why Dr Switkowski was leaving, but analysts believe the Telstra board had decided it was an opportune time to change the guard to allow for a new style of leader before the telco is fully privatised.
Analysts hope for a new leader that's more aggressive, better able to reduce costs, and importantly, has some media background.
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- News wire article from: AsiaPulse News July 13, 2001 700+ words
...are likely to impact Telstra's accounts," Dr Switkowski said. However the...2001 reported result, Dr Switkowski added. Telstra also today confirmed...last six months." Dr Switkowski noted that Telstra being a political issue...
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- News wire article from: AsiaPulse News December 1, 2004 700+ words
...to sell its 51.8 per cent stake in Telstra. Telstra chairman Don McGauchie said Dr Switkowski's replacement would need to stay for...languished under the $5 mark. Under Dr Switkowski, Telstra lost more than $A1 billion ($US770...
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- News wire article from: AsiaPulse News June 30, 2005 700+ words
...takes the helm at Telstra tomorrow. Dr Switkowski, a 56-year...he said. The Telstra board last December asked Dr Switkowski to step aside...of the company. Dr Switkowski had spent just 18 months at Telstra as group managing...
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- News wire article from: AsiaPulse News July 26, 2001 700+ words
...of the value of Telstra coming from the...joint ventures, Dr Switkowski said sizeable...still needed. Telstra's key Asian...today. However Dr Switkowski said Asia remained...for growth for Telstra. "In terms of...
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- News wire article from: AsiaPulse News December 1, 2004 700+ words
...Possible replacements for Dr Switkowski include Telstra group managers David...billion in writedowns. Dr Switkowski's hopes of expanding Telstra through big acquisitions...Another problem for Dr Switkowski is Telstra's revenue growth...
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- News wire article from: AsiaPulse News July 8, 2002 700+ words
...newer start-ups." Dr Switkowski also warned that earnings for Telstra's Reach Ltd business...original expectations." Dr Switkowski said Telstra was continuing to...in our pockets." Dr Switkowski said Telstra continued to cooperate...
- TELSTRA MAINTAINS 2003/04 OUTLOOK.
- News wire article from: AsiaPulse News November 14, 2003 700+ words
...outlook," Dr Switkowski said. In October, Telstra reported sales...Asia. While Dr Switkowski acknowledged...on which Telstra's 50 per...have contacted Telstra for support...successes," Dr Switkowski said. "In...
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- News wire article from: AsiaPulse News November 17, 2000 700+ words
...past financial year, Dr Switkowski noted, Telstra's sales revenues...ADSL and satellite. Dr Switkowski said that Telstra could increasingly...the new services but Telstra had remained reluctant. Dr Switkowski said today the negotiations...