00:00Two senior Optus executives will leave the telco as it continues to face scrutiny over
00:08recent triple zero outages.
00:10Optus has announced the retirement of Chief Financial Officer Michael Venter, who will
00:15step down from his role as a director on the Optus board next year.
00:20In a statement, Optus CEO Stephen Rue said, Michael has decided to retire from executive
00:25life to pursue a portfolio career, and I wish to thank him for his significant contribution
00:31to Optus over the past four years, including the time he spent as interim CEO before I joined
00:38the company.
00:39Chief Information Officer Mark Potter will also depart Optus in March 2026.
00:46The governance changes at Optus have been described as part of a planned leadership transition.
00:52Optus has suffered a series of scandals in recent years.
00:56The most recent being an Optus network upgrade in September this year that led to a triple
01:01zero outage, which was linked to three deaths.
01:05The Greens and the Coalition are expected to vote through a motion on an inquiry into Optus
01:11when Parliament meets next week.
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