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WASHINGTON, United States (AFP) — Tesla said it has appointed Robyn Denholm of the Australian telecoms company Telstra as board director after Elon Musk resigned from the post. The appointment of Denholm, who is Telstra’s chief financial officer, is effective immediately but she will serve out her six-month notice period with her current employer, Tesla said in a statement late Wednesday. Denholm had already served as a member of the Tesla board since 2014. Musk […]
SYDNEY, Australia (AFP) — Australia’s dominant telecommunications company Telstra Thursday warned of “enormous challenges” ahead as it posted an 8.9 percent slump in annual profit. Its net result in the year to June 30 fell to Aus$3.52 billion (US$2.54 billion), while revenue was flat at Aus$26 billion. Chief executive Andy Penn said intense competition for mobile customers and increased customer expectations were having an impact on business. “Companies are defined by how they respond in […]
SYDNEY, Australia (AFP) — Australia’s dominant telecommunications company Telstra Wednesday announced plans to axe 8,000 jobs as part of a drastic new strategy to simplify the business and stay competitive in a rapidly changing industry. The decision by Telstra, one of Australia’s largest employers, is part of a shake-up targeting an extra Aus$1 billion (US$750 million) in cost-cutting by 2022, on top of Aus$1.5 billion previously announced. “We are creating a new Telstra that is […]
