Telstra CFO John Stanhope to retire

Telstra CFO John Stanhope to retire

Telstra (ASX:TLS) has announced the imminent resignation of long-serving CFO John Stanhope.

Stanhope, who has been working at Telstra for around 44 years, will retire on December 30.

He will also retire from the Telstra board, where he holds the position of group managing director for finance and administration, on that date.

In a previous position as director of finance, Stanhope contributed to the T1 and T2 share sales, and in his current role he managed Telstra's involvement in the T3 sale and the finalisation of the $11 billion deal with the government and NBN Co over its participation in the NBN project.

Stanhope said he still planned to play a significant role in prepararing the participation proposal for a shareholder vote.

Telstra CEO David Thodey said the company had started the hunt for a replacement, from a pool of potential candidates already under review.

TLS shares fell 0.69% in Wednesday's trading to $2.890.

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Tags NBNTelstraRetirementDavid ThodeyJohn StanhopeCFO role

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