Telstra Director Quits
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Non-executive Telstra Board member, John Fletcher has announced he will quit the fole in June.

Telstra chairman, Donald McGauchie formally thanked Fletcher on behalf of all directors for his many and substantial contributions to Telstra over the past five years.

Fletcher joined Telstra as a non-executive Director in November 2000.  He was also a member of the Nomination Committee and the Remuneration Committee.

The one-time chief executive of Brambles Industries will leave the company on June 30, 2006.

 “John Fletcher has been an outstanding director for many years, and his experience and insight have been invaluable at a time of increasing competition and technological change in the telecommunications industry,” McGauchie said.

The Board vacancy created by his departure will be filled along with other vacancies, according to an ASX statement with Telstra already on the hunt. ‘Telstra is well advanced in the process of identifying appropriate candidates who have international and domestic business experience and capabilities that are appropriate for the company’s needs,’ said the company.

“The process for reviewing candidates includes giving attention to new needs owing to continuing uncertainty around key regulatory decisions, the development of Telstra’s new strategy, and the potential full privatisation of Telstra,” McGauchie said.