Telstra Appoints Robert Nason As New Foxtel Chairman
11 May 2012 - 11:55AM
Dow Jones News
Australian telecommunications company Telstra Corp. (TLS.AU)
said Friday it had appointed Robert Nason as the new chairman of
its 50%-owned pay-television firm Foxtel.
Nason, Telstra's group managing director, business service and
improvement, will replace retiring chairman Bruce Akhurst, the
company said. It said Kate McKenzie, group managing director for
innovation, products and marketing, would also join Foxtel's
board.
"Robert and Kate each will bring tremendous experience and
leadership ability to the Foxtel board at what is an important time
for Foxtel as it consolidates its acquisition of Austar and
continues to compete in a challenging market," Telstra Chief
Executive David Thodey said.
As 50% owner of Foxtel, Telstra has the right to appoint its
chairman. Consolidated Media Holdings Ltd. (CMJ.AU) and News Corp.
(NWS), the owner of this news wire, each own 25% of Foxtel.
-By Gavin Lower, Dow Jones Newswires; 61-3-9292-2095;
gavin.lower@dowjones.com
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