Telstra Board Directors to retire at AGM

LONDON, UK: Telstra Directors Margie Seale and Peter Hearl announced their intention to retire from the Telstra Board.

Margie will be retiring at the company’s annual general meeting on 12 October and Peter will retire on 31 December 2021.

Margie has reached the end of her third, three-year term and has served on the Audit and Risk Committee for nine years and the Nomination Committee for three years. Peter joined the Board in August 2014 and was appointed Chair of the People and Remuneration Committee in April 2016. Peter has also served on the Nomination Committee for three years. Peter is retiring to focus on his new role as Chairman of the Endeavour Group.

Telstra Chairman John Mullen said Margie and Peter had played an important role in helping oversee the transformation of Telstra as part of its T22 strategy.

“Margie and Peter have made incredibly valuable contributions over the time they have served as Directors – a time where Telstra has changed significantly as a result of the T22 strategy which is now recognised as an ambitious and successful transformation program. On behalf of the Board I thank Margie and Peter for their commitment and substantial contributions to Telstra. We wish them well for the future,” Mr Mullen said.

Mr Mullen said the Board intends to appoint a new Chair for the People and Remuneration Committee, as well as new directors in due course.

Telstra Corporation Ltd share price

3.86 AUD−0.0050 (0.13%)today

27 Aug, 3:59 pm GMT+10 ·Disclaimer

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