Telecommunications service provider, Telstra, has hired a new chief financial officer, Andrew Penn, to take over from the retiring John Stanhope on 1 March, 2012.
Penn was previously group chief executive of AXA Asia Pacific from 2006 to 2011. He will be based at Telstra’s Melbourne office and report to chief executive, David Thodey.
Prior to Penn starting the role, Mark Hall will be acting chief financial officer and group managing director, finance, from 1 January to 29 February, 2012.
In a statement, Thodey thanked Stanhope for his service to the company of more than four decades, including eight years as chief financial officer and group managing director, finance and administration.
“On behalf of his colleagues, I would like to acknowledge John’s enormous contribution to our company and wish him and his family the very best for the future,” Thodey said.
Telstra is not the only telecommunications company on a CFO recruitment drive.
Huawei Australia recently hired former Lenovo Australia and New Zealand chief financial officer, Luke Austin, to replace Brian Hoppe.
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