Archived News for Executives and Senior Management
Telstra has bucked declining consumer spending and decreased business confidence to post $5.5 billion in free cash flow after the company announced strong sales momentum has pushed the company beyond its growth expectations.
The telco announced its full year results, which showed that more than two million mobile customers in Australia and Hong Kong had signed on to its services.
CEO David Thodey praised the results as proof of the company’s improved customer satisfaction and quality of service. Mr Thodey announced his confidence that the company’s strong revenue growth would continue across the business in 2012.
NAB chief backs rate holding
Official interest rates are likely to hold steady until Christmas, according to National Australia Bank chief Cameron Clyne.
Fairfax chief voices confidence
Despite a number of high profile executives leaving the company in the recent months, Fairfax chief Greg Hywood has voiced his confidence in his company’s robustness.
Accor appoints new communications executive
Hospitality giant Accor has announced the appointment of Ginni Ryan as its new public relations and communications executive.
Government announces amendments to executive pay laws
The Government will be introducing amendments to the Corporations Act 2001 in the Spring Parliamentary sittings in an attempt to provide further certainty around aspects of the new executive pay reforms.
UniSuper CEO named Fund Executive of the Year
UniSuper’s CEO, Terry McCredden, has been awarded the Fund Executive of the Year award after “demonstrating exceptional leadership in the areas of advice, investment management, risk management”.
Symantec Australia announces MD departure a month later
Software giant Symantec’s Australia arm has announced the departure of its Managing Director, Steve Martin, a month after he left the job.
Praemium appoints new CEO before expanding UK market share
Portfolio administration and managed account technology provider Praemium has announced that Michael Ohanessian will take the chief executive role after founder and current CEO Arthur Naoumidis steps down from his position.
Jetstar considers executive move
Jetstar has announced it is considering relocating some of its senior management from Melbourne to an Asian centre in an attempt to follow the lucrative fast-growing markets in China and other parts of the region.
Myer boss gets pay rise after contract extension
Myer Group has confirmed it has reached an agreement with Chief Executive Officer and Managing Director, Bernie Brookes, to extend his the term of his contract through to August 2014.
Kruger to take top job at Toll
Toll Holdings has announced that its CFO, Brian Kruger, will take the Managing Director (MD) position as of 1 January 2012, replacing retiring MD Paul Little.
Leigh Harry to depart MCEC
Chief executive officer of the Melbourne Convention and Exhibition Centre Leigh Harry has retired after 22 years of serving in the position to accept as chief executive of Tourism Victoria.
Woolworths senior director quits
Woolworths’ director of food, liquor and petrol for Australia and New Zealand Greg Foran has quit the company four months after being passed over for the chief executive position.
Executive demand falls
A combination of rising inflation and falling economic growth has led to a sharp decline in the number of Australian executive jobs on offer, according to executive employment specialists E.L Consult.
BAE Australia appoints new chief
The British defence giant BAE Systems has appointed a new executive from Britain to head its Australian operations.
Centro directors and CEO plead for clemency
Seven of the eight Centro team involved in the company’s controversial financial misconduct allegations have asked the Federal Court to spare them any forms of punishment.
Sonray chief faces jail over theft and deceit
Sonray Capital Markets chief executive of finance is facing jail time for his role in stealing funds and making false and misleading account entries valued in the millions of dollars.
Senior Fairfax exec stands down
Fairfax Media’s most senior executive, Don Churchill, has announced his retirement from his position.
Commbank chief vows to drive customer focus
Incoming Commonwealth Bank of Australia (CBA) chief executive Ian Narev has vowed to continue the bank’s aggressive customer-focus overhaul after he takes the reins in December.
Opes chiefs jailed
The two chiefs of the failed broking firm Opes Prime have received jail sentences for their role in the collapse of the company.
Citibank appoints new non-executive director
Citibank Australia has appointed Samantha Mostyn as the company’s newest non-executive director of Citigroup Pty Limited, the legal representative Citibank trading in Australia.