Former AXA CEO of Asia-Pacific, Andrew Penn, will be joining Telstra on March 1, 2012 taking over the CFO position from John Stanhope.
Stanhope announced his retirement in June after 40 years of service. He oversaw the shareholder vote on the $11 billion Telstra deal with NBN in October and he will be leaving his post at the end of the year.
Mark Hall will be the interim CFO until Penn officially assumes the role.
The former AXA Asia-Pacific head has had experience as chief executive and CFO over his 30 year career as well as a variety of roles during his 20-year tenure at AXA. Penn became CEO of investment and insurance group's Asia-Pacific arms in 2006.
The new CFO will report to Telstra CEO, David Thodey, and will be based in Melbourne.
CFO innovation Asia Accounting and Regulation the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Accounting Regulation, IFRS, US GAAP, Tax, investor relations, corporate governance, Corporate Law, Financial Regulators, Internal Audit, Audit, Corporate Law. |
CFO innovation Asia, Finance and Banking the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Corporate Finance, trade finance, treasury and risk management, capital expenditure, Banking, mergers and acquisitions |
CFO innovation Asia the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Management, Corporate Governance, Human Resource Management, Compensation and Benefits, Mergers and Acquisitions, Professional Development, Corporate Real Estate, Risk Management, Budgeting and Forecasting, Business Process Management, Business Process Reengineering, Outsourcing. |
CFO innovation Asia Technology the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Systems, Business Intelligence, EPR, Accounting software, CRM, Cloud Computing, Telecommunications, Business Process Outsourcing, Business Process Management Software. |