TELUS Announces CFO Doug French's Retirement and Gopi Chande's Promotion

Leadership Changes at TELUS: A New Chapter

In a significant announcement, TELUS Communications Inc. has disclosed the upcoming retirement of its Chief Financial Officer, Doug French. Set to officially retire on June 30, 2026, French will conclude a remarkable 30-year career that has been pivotal to TELUS's financial success. The company has also announced Gopi Chande as his successor, who will take the helm as CFO starting July 1, 2026. This carefully planned succession marks an important milestone for TELUS as it continues to assert its position in the telecommunications sector.

Doug French's Stellar Career

Doug French’s journey at TELUS is nothing short of extraordinary. He started as a Finance Manager and, through his dedication and expertise, ascended to the role of Chief Financial Officer over the course of three decades. His tenure has been marked by impressive financial stewardship, characterized by strategic management that has underpinned TELUS’s success in the competitive marketplace.

One of Doug’s remarkable contributions is his adeptness in debt management, ensuring a long-term debt maturity term of nearly 15 years at a competitive average cost of 4.77%. This strategic approach has fortified TELUS’s capabilities as it expanded its broadband network, enhancing 5G and PureFibre services.

French has been instrumental in steering TELUS through significant mergers and acquisitions while promoting cost efficiency initiatives. His influence extends beyond finances; he has been recognized as a champion for community involvement, advocating for inclusivity and supporting TELUS's philanthropic endeavors, including a focused initiative for LGBTQ2+ team members.

Welcoming Gopi Chande

Gopi Chande has been a formidable force at TELUS for the past 16 years, having served in numerous pivotal roles. Prior to her new appointment, she held the position of CFO at TELUS Digital and TELUS Health, where she displayed remarkable leadership in financial strategy and execution. Chande will now step into the role of CFO, bringing with her a wealth of experience and insight into the company’s operations.

Under Chande’s guidance, TELUS Digital successfully navigated the financial landscape as a publicly traded company on both the Toronto Stock Exchange and the New York Stock Exchange. Her track record includes guiding pivotal business segments and aligning financial practices with TELUS’s overarching strategic goals.

Transition Period and Future Endeavors

Doug French will remain available as an advisor until July 31, ensuring a smooth and effective transition for Gopi Chande as she steps into her new role. This handover is not just a formal procedure; it's about continuity and maintaining the strong financial foundation that French has built.

Both Darren Entwistle, President and CEO, along with Victor Dodig, CEO-Designate, have expressed their confidence in Gopi as the next CFO, emphasizing her deep understanding of the business and commitment to TELUS’s vision. French’s departure will undoubtedly conclude a remarkable era but also opens the door for new opportunities under Chande's leadership.

A Legacy of Commitment

French's legacy at TELUS is multifaceted—not only has he been a financial leader, but he has also actively engaged in community initiatives, embodying the company's philosophy of giving back. His heartfelt sentiment towards his tenure reflects a career rich in partnership and growth, as he aims to ensure TELUS is well-prepared for the future.

Gopi Chande, as she embraces her new role, has expressed her commitment to carrying forward this rich legacy while fostering innovation and strategic development at TELUS.

In summary, as Doug French transitions into retirement, the leadership handover to Gopi Chande heralds a promising new chapter for TELUS, ensuring that the company’s financial strategies and community-centric commitments remain steadfast and innovative. The leadership team is poised to guide TELUS towards continued success, aiming to enhance client service excellence and social responsibility across their operational domains.