Telstra CEO out ahead of full sale
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Australian telecommunications giant Telstra is looking for a new CEO to handle its full privatization after incumbent Ziggy Switkowski resigned Wednesday.
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Telstra Corp has announced a $750 million off-market share buy-back as part of its capital management program. Telstra expects to return $1.
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Prime Minister John Howard confirmed that his government plans to pass laws allowing the full sale of Australian communications giant Telstra next year, but said changes to media ownership laws are not a priority.
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TELSTRA will make a dramatic corporate restructure in a bid to appease the competition watchdog and win over wary Nationals as the telco readies for its $30 billion full privatisation.
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THE initiative for Telstra chief executive Ziggy Switkowski&#39;s departure was &quot;absolutely&quot; with the Telstra board, Dr Switkowski said today.
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THE gap between the coalition partners did not appear to be all that great when it came to the full sale of Telstra, Communications Minister Helen Coonan said today.
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The head of Microsoft&#39;s mobile phone group is jumping ship, moving to U.K. mobile operator Vodafone Group to run its Internet services.Pieter Knook will join Vodafone on March 10, where he will lead a new unit delivering consumer Internet services, Vodafone said Thursday.Vodafone&#39;s announcement comes in the wake of press reports that Microsoft will reshuffle its executive team later Thursday.Knook&#39;s replacement as head of Microsoft&#39;s mobile communications business is likely to be Andrew Lees, currently with the company&#39;s server and tools group, according to a report on the Web site of The Wall Street Journal on Wednesday night, which cited a person familiar with the situation. Both Knook and Lees are Microsoft veterans, working with the company since 1990.Microsoft announced another change in its mobile business on Wednesday, with the acquisition of mobile device maker Danger, marking its first move into the manufacture of mobile phones. Until now, it has left the hardware to other companies, licensing its mobile operating system to them.There will be other staff changes at Microsoft, with three other vice presidents expected to leave in the coming months, the WSJ report said. It named Michael Sievert, currently in charge of Windows marketing, and Steve Berkowitz, a manager of the company&#39;s online business, as among those who will leave.Vodafone said Knook&#39;s arrival will allow it to move forward with its &quot;Mobile Plus&quot; strategy to generate new revenue streams such as mobile advertising, and integrated mobile and PC offerings.Microsoft representatives could not be immediately reached for comment.
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Meg Whitman, the chief executive of eBay for almost 10 years, is stepping down and will be replaced by John Donahoe, president of eBayâs marketplaces division.
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MARK COLVIN: To Telstra, and a question that may go even deeper than the long-running one about whether it should be privatised. Can the carrier remain as a single giant company, complete with a monopoly on
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The companies&#39; merger is expected to close in early January. PeopleSoft founder Dave Duffield, who returned as CEO during the company&#39;s fight to prevent Oracle&#39;s bid, resigned as chairman, CEO and director on December 21.
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Telstra has reshuffled its executive team in the wake of a reported board decision to restructure its operations to appease the competition regulator ahead of the carrier&#39;s likely full privatisation.
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IN simple and unambiguous terms, if Ziggy Switkowski continued as Telstra chief executive it was likely to cost the telco&#39;s 51.8 per cent shareholder between $3 billion and $6 billion.
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Telstra Corp., Australia&#39;s largest phone company, appointed Bruce Akhurst as chief executive of its Sensis publishing and classified advertising arm, as part of its third executive shuffle in two years.
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Telstraâs embattled chief executive resigned on Wednesday as Australiaâs largest telecommunications company prepared for the A$30bn sale of the governmentâs remaining shareholding.
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CLARA Furse received a phone call last Saturday night which caught her off guard. The chief executive of the London Stock Exchange had left the office early the previous day to head out of town for the weekend.
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Telstra Corp., Australian communications giant, announced the resignation of its CEO Ziggy Switkowski that will take place by July 1, 2005, at the latest, as the company prepares for the completion of its privatization.
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Shares in Telecom Italia SpA were suspended from trading for two days on Monday, ahead of an expected buyout attempt by the company of its mobile unit Telecom Italia Mobile SpA, or TIM.