Telstra has announced Andrew Penn as the telco’s new Chief Financial Officer and Group Managing Director, Finance from March 2012.

 

Mr Penn, who was previously CEO with AXA Asia Pacific from 2006 to 2011, brings 30 years experience in a number of finance, strategy and executive roles.

 

“I am delighted to welcome Andy to this critical position. Andy has extensive experience in Australia and overseas, a proven track record of success as a Chief Financial Officer, and a demonstrated ability to create shareholder value in complex businesses,” Chief Executive Officer David Thodey said.

 

Mr Penn will report directly to Mr Thodey and will operate out of Melbourne. Telstra also announced Mark Hall will be acting Chief Financial Officer and Group Managing Director from January until the start of March, 2012.