Telus CEO Entwistle to retire; Dodig appointed next CEO

Executive Summary

• Telus Corporation announces the retirement of CEO Darren Entwistle effective June 30, 2026, following a 26-year tenure.
• The Board of Directors has appointed Victor Dodig as the next President and CEO, effective July 1, 2026.
• Dodig, currently an independent director on Telus's board, will join the leadership team full-time on May 1, 2026, and serve as CEO designate immediately.

Key Details

• Retiring CEO: Darren Entwistle is retiring after 26 years as President and CEO.
• Successor: Victor Dodig is appointed President and CEO.
• Transition Timeline:
  • May 1, 2026: Dodig joins Telus leadership team full-time.
  • June 30, 2026: Entwistle retires as CEO and steps down from the Board of Directors.
  • July 1, 2026: Dodig officially assumes the role of President and CEO.
  • April 30, 2027: Entwistle serves as an adviser to Dodig during the transition period.
• New Title for Retiring CEO: Entwistle will be accorded the title of "CEO emeritus" upon his departure.
• Successor Background: Victor Dodig previously served as President and CEO of Canadian Imperial Bank of Commerce (CIBC) from 2014 to 2025. He has served as an independent director on Telus's board since May 2022.
• Succession Process: The appointment follows a comprehensive succession planning process involving global executive search firms, reviewing internal and external candidates.
• Company Context: Telus is a global communications technology company operating in over 45 countries, generating over $20 billion in annual revenue with more than 21 million customer connections.

Notable Quotes

• John Manley, Chair of the Telus Board: "On behalf of the board, I want to express our profound gratitude to Darren for his transformational leadership of Telus over the past 26 years... Darren's dedication to building world-leading broadband and AI infrastructure... has grown Telus from a regional Canadian telecommunications provider to a leading global communications technology company."
• Darren Entwistle, Outgoing CEO: "The board has selected an outstanding successor in Victor, who embodies Telus's core values, embraces a commitment to putting customers first, demonstrates exceptional character and business acumen, and cares deeply about creating stronger communities."
• Victor Dodig, Incoming CEO: "I am deeply honoured by the opportunity to lead Telus on this journey... I look forward to working together with the talented leadership team and team members worldwide at a company whose values align profoundly with my own."