Telstra chairman Catherine Livingstone is stepping down, with John Mullen, Asciano managing director and chief executive officer, to take on the role.Telstra has today advised that Livingstone will hand over to Mullen in the coming months, once he is free from his obligations at Asciano.
Livingstone has been chairman since May 2009 and a director since November 2000.
“It has been an extraordinary period of my life to have been part of the team which helped Telstra set a new direction after having transitioned from a corporatised then privatised organisation,” she commented.
“We are now able to consider new growth opportunities alongside our traditional core businesses, looking to extend our footprint in ways that are consistent with creating long-term shareholder value.”
Mullen has been a Telstra director since July 2008.
“It is a privilege in the true sense to be asked to follow in Catherine’s footsteps as chairman of Telstra,” he commented.
“It is a responsibility I take extremely seriously and will transition from my commitments with Asciano at the appropriate time to perform the Telstra role to the fullest.”