Lee, 61, will be replaced by Group Managing Director Telstra Business Will Irving, who has led Telstra’s small and medium business group since 2011, prior to which he was Telstra’s Group General Counsel and a key member of the T3 privatisation and National Broadband Network negotiation teams.
Lee will step down as Group Executive Telstra Wholesale on 31 March then take extended long service leave and Telstra has said a permanent replacement for Will Irving will be announced once finalised.
Lee started in 1971 as a cadet engineer with the Postmaster-General’s Department and has since held more than 20 roles with Telecom Australia, Australian and Overseas Telecommunications Corporation (OTC) and Telstra. He is the only senior executive at Telstra to have served all five Chief Executive Officers.
"Stuart has been an amazing executive for Telstra. Telstra Wholesale has substantially improved customer focus under Stuart's leadership while returning to growth after years of decline. He is widely respected for his courage, values and getting things done. Our major retail and wholesale competitors hold us in higher regard as a wholesale supplier. I am grateful to Stuart for his support of me during my time at Telstra and appreciate his wise counsel.
“We are fortunate to have Will Irving as a ready replacement for Stuart Lee, given he is an experienced Telstra executive, proven commercial negotiator and strong relationship builder with external partners. This is an ideal combination for our wholesale role.”
Penn said, as GMD of Telstra Business, Irving had responsibility for Telstra’s relationships with more than one million Australian small and medium sized enterprises, as well as managing acquisitions in intelligent monitoring, video analytics and e-commerce. He was Telstra Group General Counsel from 2005 to 2011 and named Australian Corporate Lawyer of the Year in 2006.