BREAKING: Telus CEO To Step Down

This Tweet has just appeared in my timeline from Telus:

It doesn’t sound like a lot until you dig in to the link in the Tweet. The big news is that Darren Entwistle is stepping d‎own as the chief executive officer of Telus in May. He will be replaced by Joe Natale. Here’s his bio:

Mr. Natale joined TELUS in 2003 as an executive vice president and has progressed through increasingly expansive roles, including President of TELUS Business Solutions and President of TELUS Consumer Solutions. Since 2010, Mr. Natale has served as TELUS’ Chief Commercial Officer, leading a team of over 25,000 responsible for providing consumers with innovative wireless voice and data services and home phone, internet and television, as well as businesses with leading-edge communications, data network and IT solutions. Mr. Natale will join TELUS’ Board of Directors, reporting to the Executive Chair, Mr. Entwistle, and will continue to be based in Toronto. Mr. Natale also serves on the Board of Directors of Celestica Inc., Soulpepper Theatre and United Way Toronto.

Now Entwistle, who has been CEO since 2000, isn’t leaving the company. He will become the company’s executive chair in May. That implies that there will be a smooth transition. It will be interesting to see how the stock market and the broader public sees this transition.

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