Telstra has replaced its chief operations officer and appointed a group managing director of its new strategy and corporate services business unit as one of its most senior veterans leaves the telco.
Brendon Riley has been picked to replace Michael Rocca as the telco giant’s COO. Rocca was a 43-year veteran of the company and will formally leave on February 28. Paul Fegan will replace David Quilty as head of the new unit.
Riley was general manager of IBM global services Australia and is currently general manager of IBM Northeast Europe. Prior to that he was the chief executive of IBM in the UK & Ireland.
“(Brendon) will bring extensive experience, demonstrated leadership qualities, and knowledge of the industry, including network-based applications and services, at a time of great opportunity for Telstra,” Telstra CEO, David Thodey, said in a statement.
According to Telstra, the newly-created strategy and corporate services business unit will bring together all of the telco’s public policy, communications, corporate strategy, and mergers and acquisitions functions.
Fegan was previously the CEO and managing director of St. George Banks and has over 30 years experience in the financial services sector.
The transitions come at an uncertain time for Telstra with a deal with the Government over structural separation yet to be presented to shareholders due to political machinations.
Telstra also recently lost its Enterprise and Government division head, Nerida Caesar, who left to pursue another career opportunity.
In March 2010, Telstra underwent a shakeup of its boardroom as directors, Justin Milne and Glenic Maclellan, quit.