Telus appoints new chief financial officer

Telus announced today the appointment of new chief financial officer.

Starting this week, Doug French, an executive who has been with the company for more than 20 years, is the new Telus CFO. He replaces John Gossling, who plans to leave Telus at the end of the month to pursue other opportunities. Gossling has been with the company since 2012. He previously held positions at Rogers and CTVGlobalmedia.

“Doug French has the breadth of experience necessary to help drive the continued success of TELUS’ proven strategy, and to play an integral role alongside our executive team in enhancing long-term shareholder value,” said Darren Entwistle, the president and CEO of Telus. “Doug is a strong leader with an unwavering commitment to helping the TELUS team pursue our multiple growth tenets while continuously realizing enhanced operational effectiveness and efficiencies.”

As The Globe and Mail’s Christine Dobby notes, the move comes less than a year after Telus shuffled CEOs. In 2015, the Vancouver-based company paid $6.2-million as part of a “transition payment” to Joe Natale, who was the CEO of Telus for just under 18 months.

During its most recent earnings call, Telus reported Q1 earnings of 1.71-billion in revenue, and said it had topped 8,387,000 wireless subscribers.

[source]Telus[/source][via]Globe and Mail[/via]