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Telstra s Penn plans to secure long-term legacy
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Telstra targeting A$500M in cuts and 5G growth
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Telstra chairmanâs succession challenge with Andy Penn happy to commit
As Telstra chief executive Andy Penn works on a new strategy for the $45 billion telco, his chairman John Mullen is facing an intriguing succession planning question.
Jul 16, 2021 â 12.05pm
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Telstra chief executive Andy Penn has given the strongest indication yet that he wants to remain in charge of the company to oversee the execution of a new strategic plan.
In an interview with Chanticleer, Penn says he is keen to lay out the new strategy later this year and âmake sure that we are on the right trajectory, whatever my future holdsâ.
McKinsey advises government on making a COVID-19 vaccine locally
Apr 20, 2021 â 2.22pm
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McKinsey has won a three-month contract to provide âadvice on a business case for an onshore COVID-19 vaccine manufacturing capability utilising an mRNA platformâ for the
Department Of Industry, Science, Energy and Resources. The contract is worth $2.2 million. Vaccine experts have previously said that mRNA vaccines, including the Pfizer vaccine, could be manufactured in Australia but warned it would take a long time and a significant investment for this to be possible.
McKinsey to help it plot its future strategy, known internally as T25, even as the telco giant completes its sweeping, four-year T22 restructure. The firm also provided advice on Telstraâs T22 plan. A Telstra spokesperson said: âThe strategy is being driven by [Telstra CEO] Andy Penn and the strategy team at Telstra led by CFO Vicki Bradyâ.
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