Telstra chairman John Mullen announced his intention to retire from Telstra Board at conclusion of this year’s annual general meeting, to be held on 17 October 2023. Mullen will be appointed as chairman by current director Craig Dunn.
Mullen says after 15 years on board, the past seven as chairman, and with a new leadership team in place, the time was right to step down. “We have a strong leadership team in place, the company has undergone a successful transformation through T22 and is now growing again, and our strategy is set out to 2025,”.
“I have worked closely with Craig Dunn since he joined the board seven years ago and I am confident he is the right person to lead the board. The board unanimously supported his appointment. With Craig in the chair and such an impressive executive team, Telstra will continue to play a vital and strategic role in building Australia’s digital future. We have recently added two new directors and we have a diverse and capable board guiding the future strategic direction of the company. It has been an absolute privilege to be a part of the Telstra team and all we have delivered in my time with the company.” adds Mullen.
“John’s time on the board saw Telstra successfully navigate through significant upheaval, including the two negotiations with NBN Co and the Government and the subsequent rollout of the NBN and its impact on Telstra’s business,” says Craig Dunn.
“The period also saw Telstra announce and execute on its transformative T22 Strategy, continue its investment to build and maintain its world class mobile network, rolling out 4G and 5G and expanding its coverage to be around one million square kilometres greater than its competition. The company is leaner and more agile and strongly positioned to grow, with a highly skilled workforce and world class network and infrastructure assets that will help underpin Australia’s digital economy for decades to come,” adds Dunn.
Craig Dunn initially joined Telstra Board in April 2016 and was re-elected at last year’s AGM. He is currently chairman of Audit and Risk Committee and a member of Nomination Committee.
Craig has more than 20 years’ experience in financial services in Australia and Asia, including being chief executive officer and managing director of AMP from 2008 to 2013. He held various roles at AMP in a 13 year career including managing director of AMP financial services, managing director for AMP bank and head of corporate strategy and M&A (mergers and acquisitions). From 1991 to 2000 he was at Colonial Mutual Group, including managing director for EON CMB Life Insurance in Malaysia and other senior roles in group strategy, M&A and finance.
Craig was a non executive director at Westpac from 2015 to 2021, and is currently on boards of MLC Life Insurance (from March 2023), Lion Pty Limited and Lion Global Craft Beverages Pty Limited (from 2021). He is also chair of ISO blockchain standards committee (from 2017) and chair of The Australian Ballet (joined 2014, chair from 2015).
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