Business

Telus CEO Darren Entwistle stepping down, to be replaced by Joe Natale

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Telus CEO Darren Entwistle is stepping down from his position, but stepping up in the boardroom.

Entwistle and the company made a series of announcements on Monday, one of which is that Entwistle will no longer be Telus's CEO or President. He will be replaced by Joe Natale, who will step in as President and CEO on May 8 at Telus's annual shareholders' meeting.

Entwistle will remain on the company's board, as its Executive Chair, and Natalie will report to Entwistle.

"Joe is an exceptionally proven and highly capable leader," Entwistle said of his successor Natale in a statement released on Monday.

"Clearly, Joe's excellent progression through several executive roles, culminating in his most recent capacity as our Chief Commercial Officer, has prepared him exceedingly well for this next step in his career."

With the move, Natale will join the company's Board of Directors.

"I am honoured to be appointed TELUS' next President and CEO," he said, in the same statement. "Telus is a highly recognized global leader on multiple fronts that span from shareholder value creation through to caring for our communities. I look forward to working closely with Darren and the TELUS executive leadership team to further the progression of our national growth strategy and, in particular, to continue advancing our top priority of always putting our customers first."

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