[00-5-08] Telstra Chief Reshuffles His Pack
By John Stackhouse, Computer Daily News.
SYDNEY, AUSTRALIA,
08 May 2000, 2:00 AM CST
Telstra Chief Reshuffles His Pack 05/08/00 SYDNEY, AUSTRALIA, 2000 MAY 8 (NB) -- By John Stackhouse, Computer Daily News. Ziggy Switkowski, chief executive officer (CEO) of Australia's dominant telecommunications carrier Telstra Corp. [AUS:TLS][NYSE:TLS] has reshuffled his executive team and said he has no immediate plans to spin-off Telstra's online assets.
Switkowski announced what he called Telstra's "representative business architecture for the foreseeable future." He consolidated six key business units into two: termed Infrastructure Services and Retail Services.
The big one, generating A$13 billion (US$7.63 billion) a year, or 70 percent of Telstra revenues, is Retail Services, which takes in consumer and commercial, Telstra business solutions and convergent business groups.
Rising star Ted Pretty will be group managing director - and effectively Switkowski's number two executive, in day-to-day control of most of the business.
Infrastructure Services, headed by Gerry Moriarty, takes in network and technologies, access field services and a Sydney Olympic Games telecommunications unit - in effect consolidating field operations.
Telstra's shares closed at A$6.95 ($4.08), down 39 cents on Friday, a new 52-week low. The telco has been suffering in the marketplace following collapse of a planned merger between Australia's Sausage Software and Solution 6, in both of which it has a major shareholding; and growing perceptions that a planned A$6.5 billion ($3.82 billion) deal with Hong Kong-based Pacific Century CyberWorks is on shaky ground.
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Reported By Newsbytes.com, newsbytes.com
02:00 CST
(20000508/WIRES ASIA, TELECOM/)
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