The_Marketeer

Sol, loses his staying power runs for the exit door… May 19, 2009

Era ends at Telstra as Trujillo jets out

Telstra says its outgoing chief executive Sol Trujillo has returned home to the United States earlier than expected.

Mr Trujillo was expected to stay until the end of next month but the company says the appointment of internal candidate David Thodey in the role means a swift transition is possible.

The company says details of Mr Thodey’s contract will be lodged with the Australian Stock Exchange when they are finalised.

Mr Trujillo led the company since 2005 and developed a reputation for taking a hard-nosed stance against the regulator and the Government.

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This is no great surprise considering it was published two months ago Sol would have his last day in London at an Australian trade fair. One would think the new CEO has put paid to that nonsense.

I already love what Thodey is up to and this is even further evidence that there is no longer any guard of the old guard as Sol as the USA populace say is ‘toast’.

Good job!