Telstra executive Deena Shiff resigns

Published 31 January 2013 12:58, Updated 16 April 2013 13:23

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Telstra executive Deena Shiff resigns

Deena Shiff’s resignation from Telstra takes effect immediately Ben Rushton

One of the last remaining senior executives from the Sol Trujillo era has quit Telstra, with Deena Shiff, the head of the carrier’s venture capital arm, resigning on Thursday.

Ms Shiff joined Telstra in 1998 and was promoted by the telco giant’s controversial former chief executive, Sol Trujillo, to head up the carrier’s wholesale arm in 2005.

She survived current CEO David Thodey’s initial management purge and in 2011 was moved sideways into the newly created role of group managing director, Applications and Ventures Group.

AVG is Telstra’s venture capital division through which the carrier has taken small takes in start-up technology companies such as IPscape and Ooyala.

The resignation leaves marketing chief Kate McKenzie, who was last week handed responsibility for a new software development and applications unit, as the only survivor from the Trujillo regime.

It means that two direct reports to Telstra CEO David Thodey have quit in the past 6 months after previous international boss Tarek Robbiati stepped down in October.

The resignation takes effect immediately, with Ms Shiff planning to focus on her directorships, including in companies Telstra has invested in, such as Dimmi and IPscape, the Export Finance and Insurance Corporation and the chairmanship of the Sydney Writers Festival.

Responsibility for the venture group, will fall under the joint leadership of her Australian and US-based lieutenants, Matthew Koertge and Mark Sherman, respectively.

They will report to the Applications and Ventures board, led by chief financial officer Andy Penn and Ms McKenzie.

“We wish Deena well as she embarks on a new stage of her career and continues to champion new and emerging digital businesses,” chief executive David Thodey said in a statement.

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