This decision is reflective of Darren's confidence in the
financial health of TELUS, the consistent and long-term
strategy the company is delivering and the skill of the TELUS
team
VANCOUVER, BC, May 9, 2024 /PRNewswire/ - On the back
of TELUS reporting industry-leading customer additions and
solid financial results, TELUS President and CEO, Darren Entwistle, announced today that he will
be taking his entire salary in shares for the foreseeable
future.
Darren's decision to forego his cash salary in favour of shares
demonstrates confidence in the financial health of the TELUS
organization, the consistent and long-term strategy the company is
delivering and the skill of the TELUS team. Furthermore, this
builds upon the six years, from 2010 through 2015, that Darren
previously took the entirety of his salary in shares.
Investing significantly in TELUS shares is consistent with
Darren's past practice of aligning his interests with those of
TELUS' shareholders. In 2023, Darren purchased 395,843 common
shares and held a total of 799,209 TELUS common shares at the end
of 2023, or approximately 12 times his base salary in share
ownership.
About TELUS
TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading
communications technology company with more than $20 billion in annual revenue and over 19 million
customer connections spanning wireless, data, IP, voice,
television, entertainment, video, and security. Our social purpose
is to leverage our global-leading technology and compassion to
drive social change and enable remarkable human outcomes. Our
longstanding commitment to putting our customers first fuels every
aspect of our business, making us a distinct leader in customer
service excellence and loyalty. The numerous, sustained accolades
TELUS has earned over the years from independent, industry-leading
network insight firms showcase the strength and speed of TELUS'
global-leading networks, reinforcing our commitment to provide
Canadians with access to superior technology that connects us to
the people, resources and information that make our lives
better.
Operating in 32 countries around the world, TELUS International
(TSX and NYSE: TIXT) is a leading digital customer experience
innovator that designs, builds, and delivers next-generation
solutions, including AI and content moderation, for global and
disruptive brands across strategic industry verticals, including
tech and games, communications and media, eCommerce and fintech,
banking, financial services and insurance, healthcare, and
others.
TELUS Health is a global healthcare leader, which provides
employee and family primary and preventive healthcare and wellbeing
solutions. Our TELUS team, along with our 100,000 health
professionals, are leveraging the combination of TELUS' strong
digital and data analytics capabilities with our unsurpassed client
service to dramatically improve remedial, preventive and mental
health outcomes covering nearly 72 million lives, and growing,
around the world. As the largest provider of digital solutions and
digital insights of its kind, TELUS Agriculture & Consumer
Goods enables efficient and sustainable production from seed to
store, helping improve the safety and quality of food and other
goods in a way that is traceable to end consumers.
Driven by our determination and vision to connect all citizens
for good, our deeply meaningful and enduring philosophy to give
where we live has inspired TELUS and our team to contribute
$1.7 billion, including 2.2 million
days of service since 2000. This unprecedented generosity and
unparalleled volunteerism have made TELUS the most giving company
in the world. Together, let's make the future friendly.
For more information about TELUS, please visit telus.com,
follow us at @TELUSNews on X and @Darren_Entwistle on
Instagram.
For more information, please contact:
Jacinthe Beaulieu
TELUS Media Relations
Jacinthe.beaulieu@telus.com
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SOURCE TELUS Communications Inc.