Home > Communication > Telstra CFO & Tech Boss Tipped To Go

Telstra CFO & Tech Boss Tipped To Go

Recent reports claim Telstra CFO, Warwick Bray, and technology strategy boss, Stephen Elop, could soon face the firing squad, as the telco conducts a massive redundancy process, culling around 8,000 jobs.

According to The Australian, both Mr Bray and Mr Elop are in line to be dismissed – reportedly included in the first wave of job cuts as per the “Telstra 2022” strategy.

In June, Telstra CEO Andy Penn announced a huge strategic overhaul, terminating a quarter of its workforce across the next three years.

At the time, Telstra flagged several management and executive roles were at risk of being let go.

The telco is looking to slash around $1 billion in costs by 2022, whilst also splitting its infrastructure and mobile business.

As previously reported, former Nokia boss, Stephen Elop, joined Telstra in 2016, taking the helm as ‘Group Executive of Technology, Innovation and Strategy’. Elop is also known for his time at Microsoft, specifically within its struggling mobile division.

Longtime Telstra employee, Mr Bray, took the CFO post in April 2015, after Andy Penn was promoted to CEO.

Bray was reportedly the Chairman of the Australian Mobile Telecommunications Association (AMTA) from 2012 to 2014.

The news follows the shock resignation of Telstra network boss, Mike Wright, early this year after nearly 40 years.

[Stephen Elop]

You may also like
Harvey Norman Moves To New Online Model As They Try To Compete With JB Hi Fi
Telstra Loses Payphone Battle
New NewsFlash App From Foxtel Coming As Kayo Booms
Struggling To Get An ROI On Their 5G Investment, Telstra Is Back Chasing ‘International’ Deal
Battle Begins For mmWave 5G Spectrum