Telstra boss Sol Trujillo goes home By Rachel Hewitt
AFTER nearly four years of very public jousting as the boss of Telstra, Sol Trujillo has left Australia quietly and gone home to San Diego.
The American was expected to leave the job on June 30 but went on Thursday, making way for his successor David Thodey to take the helm of Australia‘s biggest telco.
Mr Trujillo goes with $3 million in severance pay and share options.
His financial bonus for the year will be decided in August. He will have received about $35 million for his three years and 10 months in the job.
Mr Thodey and new chairman Catherine Livingstone are expected to end the era of confrontation that pitted Mr Trujillo and former chairman Donald McGauchie against the Federal Government.
In the past year, Mr Trujillo, 57, saw Telstra’s share price pummelled to record lows and the telco excluded from the Federal Government’s original tender for a National Broadband Network.
Mr Trujillo, who holds a seat on the board of US retailer Target, has not revealed his future plans, though he is scheduled to speak about bandwidth economics at a Californian conference today.
In announcing his resignation in February, Mr Trujillo said: “I have elderly parents, I have children, I have all kinds of reconnecting to do and, to be frank, I need to lose about eight kilos too.”
Telstra scrip closed 2c off at $3.18.
Telstra Tower, Canberra, Australian Capital Territory
Business Daily – Wed, 20 May 09
Sol Trujillo interview – approx. final third of podcast
Sol Trujillo suggests Government’s broadband plan will never happen
From rocsims (Those Aussies are a strange lot, indeed!)