VANCOUVER, BC, Canada, May 2024 — TELUS President and CEO, Darren Entwistle, announced that he will be receiving his entire salary in company shares for the foreseeable future, signaling robust confidence in TELUS’s ongoing financial health and strategic direction. This announcement follows TELUS’s report of leading industry customer additions and solid financial performance.
Darren’s decision to convert his cash salary to shares is not new; he previously took his entire salary in shares from 2010 to 2015. This move aligns with his consistent practice of investing significantly in the company, aligning his interests closely with those of TELUS shareholders. In 2023 alone, Darren purchased 395,843 common shares, ending the year with a total of 799,209 common shares, approximately 12 times his base salary.
About TELUS: TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications technology company generating more than $20 billion in annual revenue, with over 19 million customer connections across wireless, data, IP, voice, television, entertainment, video, and security. TELUS is committed to driving social change and achieving remarkable human outcomes through its technology and compassion. The company’s dedication to excellence in customer service and its leadership in network quality are evidenced by numerous accolades from independent industry analysts.
TELUS operates globally in 32 countries, including its digital customer experience arm, TELUS International (TSX and NYSE: TIXT), which provides innovative digital solutions like AI and content moderation to high-profile brands across various industries.
TELUS Health is a leader in healthcare services, offering comprehensive health solutions to employees and families, significantly enhancing health outcomes globally. Additionally, TELUS Agriculture & Consumer Goods provides integrated digital solutions that enhance the safety and quality of food and consumer goods from production to retail.
Driven by a philosophy of philanthropy, TELUS and its team members have contributed $1.7 billion and 2.2 million days of service since 2000, making it one of the most charitable companies globally. TELUS continues to work towards making the future friendly for all, guided by its vision to connect citizens worldwide for a better tomorrow.
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