Telstra Corporation chairman Bob Mansfield announced today that he had reappointed Telstra chief executive officer Ziggy Switkowski for a further term until December 31, 2007.
Mansfield said Dr Switkowski's current five-year contract as CEO and managing director ends in March 2004, so the board considered it was appropriate to determine the future leadership of Telstra at this time to provide continuing certainty about the direction of the company.
"As a result, the board has decided to reappoint Dr Switkowski now and we are pleased to be able to count upon his continued leadership of the company," he said.
"Dr Switkowski has successfully led our company since March 1999 throughout a particularly complex and demanding period in the telecommunications industry worldwide.
"He has developed an outstanding executive team, made great strides in the transformation of the company into an organisation dedicated to high-level customer service and he has Telstra well positioned for future success as a full service, integrated telecommunications company.
"The board is confident Dr Switkowski and his team will continue to build on our achievements for customers and shareholders, and we look forward to working together on the next stage of Telstra's development."
Switkowski said he was delighted to accept the board's offer of an extension of his term and looked forward to maximising the opportunities and tackling the challenges ahead in the competitive telecommunications environment.
The terms of Dr Switkowski's new employment contract relating to remuneration can be found at www.telstra.com.au/newsroom/photo.htm#switkowski