BUSINESS

Joe Natale Out As Telus CEO Because He Doesn't Want To Live In Western Canada

08/10/2015 10:55 EDT | Updated 08/10/2016 05:59 EDT
CP

VANCOUVER — Darren Entwistle is once again chief executive and president of Telus Corp., replacing Joe Natale immediately.

The sudden change in leadership announced early Monday is being attributed to Natale's reluctance to move his family to Western Canada, where Telus has its headquarters and the core of its business.

"Mr. Natale recently indicated that a move to Western Canada would not work for him and his family for several years and the Board determined that the Company would be best served by having its chief executive officer reside in the West," Telus said in a statement.

Telus is headquartered in Vancouver. Natale lives in Toronto, according to his LinkedIn profile.

Telus says Natale has agreed to serve in an executive capacity until the end of 2015 to ensure a smooth leadership transition.

The leadership change comes little more than a year after Entwistle officially handed off the CEO's job to Natale in May 2014.

Prior to that, Entwistle had guided Telus through a period of rapid growth, primarily fuelled by its national wireless network.

Telus says Entwistle will be replaced as chairman of the board by Dick Auchinleck and both men have agreed to serve in those capacities on a long-term basis.

— With a file from Huffington Post Canada

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