Telus CEO and president Darren Entwistle has stepped down from the position after 14 years, announcing earlier this week he would be replacing retiring board chairman Brian Canfield.
Telus has grown since 2000, when Entwistle took over the company. Under his regime, its revenues have climbed 90 percent to $11.4 billion per year, 82 percent of which consists of revenue from wireless data. Telus is one of Canada’s big three carriers, right beside Bell and Rogers.
“Darren will retain ultimate accountability for the strategy and performance of the company,” said Josh Blair, executive vice-president of human resources and Telus chief corporate officer. “Darren remains committed to Telus in the long term and will be very active as executive chair.”
Chief commercial officer Joe Natale will officially become CEO of Telus on May 8. He will report to Entwistle.
*Source: Vancouver Sun