Optus CEO Kevin Russell has resigned, with 31 March being his last day at the company, revealed the SingTel Group, which is the parent company of Australia’s number-two telco.
“Transition arrangements and recruitment of Mr Russell's replacement are underway,” said SingTel.
Paul O’Sullivan, group consumer CEO, will take on Russell’s role until a replacement is found..
“Kevin joined Optus just over two years ago and has provided strong leadership in repositioning the company,” O’Sullivan said in a statement.
“Several months ago Kevin told me that he wished to move on to other challenges on completion of this phase, after ensuring an orderly transition that embeds the strategic transformation he has led.”
The departure follows two other Australian telco CEO departures. Vodafone Hutchison Australia CEO Bill Morrow will soon leave the company to take over as CEO of NBN Co.
Earlier this week, it was announced that AAPT CEO David Yuile would depart the day that the company’s sale to TPG is finalised.
“In coming months we will focus on accelerating market momentum, extending our lead in customer experience and transforming our business further,” said O’Sullivan.