Telstra reaffirms guidance, appoints BHP executive as director
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The news: Telecoms giant Telstra has reaffirmed its full-year earnings guidance, and appointed former BHP chief financial officer David Lamont as a non-executive director on its board.
The numbers: Telstra CEO Vicki Brady will tell shareholders at its annual general meeting on Tuesday the company is on track to achieve growth underlying earnings in the range of $8.5 billion to $8.7 billion.
Separately, Telstra said Lamont will take up the board role effective 3 December. He will remain in an advisory role with BHP, as senior executive officer, until February 2025.
The context: Brady will tell shareholders that Telstra remains focussed on lifting customer experience, delivering financial growth and will continue the reset of its enterprise business.
The company said Lamont’s appointment would bring experience from an accomplished CFO and business leader with a range of roles from organisations including BHP, CSL and Orica.
What they said: “David brings an extensive set of skills and experience to the board, including deep expertise in capital management, project risk assessment, cost management and debt/capital markets,” chair Craig Dunn told investors in a statement.
The sources: ASX announcement, ASX announcement
