Telus Replaces Their New CEO With Their Old CEO

Telus today announced that Joe Natale who took over as CEO of the Western Canada based telco was out of the CEO’s office as of today with Darren Entwistle who was CEO until Natale took over assuming the post. Outside observers will find that weird and The Globe And Mail offers some insight as to why this has gone down this way:

The sudden change in leadership announced early Monday is being attributed to Natale’s reluctance to move his family to Western Canada, where Telus has its headquarters and the core of its business.

Clearly Telus feels they need a CEO in their head office which is understandable. Natale will remain an executive through 2015 to ensure a smooth transition back for Entwistle. I do have one question. How long will Entwistle stay as CEO as he stepped down about a year ago?

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