Telstra has appointed former Microsoft and Apple Computer managing director, Steve Vamos, and energy industry expert, Russell Higgins, to its board as non-executive directors.
The telco also announced the retirement of its remuneration committee chairman, Charles Macek. The move comes days after board member, Peter Willcox, stepped down from his position after a NSW Supreme Court ruling banned him from holding such positions for the next five years and fining him $30,000. The court found that Willcox and nine other former James Hardie board members broke the Corporations Act by releasing a deceptive and misleading press release about the funding for an asbestos fund set-up to meet its compensation liabilities.
Vamos comes to the Telstra board armed with 30 years of experience in the IT industry. From 2003-2007, Vamos led Microsoft Australia and New Zealand before taking on an executive position in the US. Prior to Microsoft, he was CEO at ninemsn, Apple Computer and IBM Australia.
Higgins is chairman of the Global Carbon Capture and Storage Institute, which was launched by the Rudd Government in April to boost the development of carbon capture technology. Prior to that, he worked with the Howard Government as associate secretary of the Department of Prime Minister and Cabinet (PM&C).
Both new appointments and Macek’s retirement will be confirmed at Telstra’s annual general meeting on November 4.