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* Search Search CP24 X WATCH LIVE * NEWS * WEATHER * TRAFFIC * VIDEO * CP24 BREAKFAST * Lifestyle * CONTESTS * MORE * Home * Local * World * Entertainment * Sports * Photo Galleries * Commuter Centre * Traffic * Transit * Air Travel * Border Crossings * CP24 LIVE * All Video * Ask A Lawyer * Hot Property * Home * All Videos * Milestones * Wellness Wednesdays * Contests * Home * Human Interest * Health * Technology * Real Estate * Travel * Top Social Stories * CP24 APP * Video Help * Contact Us * CP24 Supports * Newsletters * * Talk Shows * Skip to Main Content WATCH LIVE CP24 BREAKING NEWS IN TORONTO AND BEYOND Advertisement TELUS HANDS TOP JOB BACK TO ENTWISTLE DUE TO CURRENT CEO'S UNWILLINGNESS TO RELOCATE Telus Corp. executive chair and outgoing president and chief executive officer Darren Entwistle speaks at the telecom company's annual general meeting in Vancouver, B.C., on Thursday May 8, 2014. THE CANADIAN PRESS/Darryl Dyck SHARE: TEXT: * * Peter Henderson, The Canadian Press Published Monday, August 10, 2015 8:41AM EDT Last Updated Monday, August 10, 2015 5:01PM EDT TORONTO -- Telus Corp. says it always intended for its most senior executives to be based in Western Canada after questions were raised about the sudden departure of president and CEO Joe Natale. Telus (TSX:T) announced early Monday that Darren Entwistle was retaking the reins of the company, just over a year after he handed them over to Natale, who has been based in the Toronto area. The Vancouver-based telecommunications company, one of the largest in Canada, said Natale recently indicated that a move west would not work for his family and its board concluded that its CEO should reside in Western Canada. Patrick Horan, principal at investment fund Agilith Capital, said that doesn't fully explain why an executive at a major telecom company would give up his position. "It doesn't make sense that he's been in there for a little over a year and they're picking a fight over whether he's located in Toronto or Vancouver," he said. Natale took over as president and CEO of Telus in May 2014 as Entwistle became executive chairman. He has agreed to serve in an executive capacity until the end of this year to ensure a smooth leadership transition, Telus said. Telus chief corporate officer Josh Blair said it has always been the aim of the company to have its most senior management based in Western Canada and any other speculation about the reason for Natale's departure is off the mark. He said Natale wasn't expected to move to Western Canada until he succeeded Entwistle as executive chairman in 2017. The company's board met multiple times to figure out a solution after Natale first informed them he wasn't planning to move, Blair said, with the final meeting coming on Friday afternoon. "It was a very significant situation for the board to consider," he said. "They didn't want to rush it." The company is not looking for a new CEO candidate at this time. Under Natale's brief tenure as CEO, the company's financial results have been solid, making his departure all the more unusual, Horan said, adding that the move could make it more difficult for Telus to attract new talent for the position in the future. Prior to appointing Natale as CEO, Entwistle had guided Telus through a period of rapid growth, primarily fuelled by its national wireless network. Telus said Entwistle will be replaced as chairman of the board by Dick Auchinleck and both men have agreed to serve in those capacities on a long-term basis. The company said the decision to oust Natale followed an extensive review that concluded late Friday after the company issued its second-quarter financial results. Although Natale had been president and CEO for only four full quarters, he had been in a senior position as chief commercial officer since 2010, focused on building loyalty and retaining customers. In the most recent quarter ended June 30, Telus added 76,000 wireless subscribers -- more than either Rogers Communications (TSX:RCI.B) or BCE Inc.'s Bell (TSX:BCE), which added 24,000 and 61,000 respectively. Overall, Telus (TSX:T) reported a 10.5 per cent decline in net income to $341 million, or 56 cents per share, in the second quarter, as it faced $59 million of costs related to the closure of the 59 Blacks photography stores. Adjusted earnings, which filter out those expenses and other factors, showed a 4.9 per cent increased to $406 million or 66 cents per share. Operating revenue was up 5.1 per cent to $3.1 billion, with the wireless division accounting for about $1.7 billion of that amount. SHARE: News Tips Report Errors TOP VIDEOS * false 66TH GRAMMY AWARDS TONIGHT Air Date: February 4, 2024 false TORONTO TO HOST CANADA'S FIRST 2026 FIFA MATCH Air Date: February 4, 2024 false PIGEON POPULATION PILOT PROJECT LAUNCHED Air Date: February 4, 2024 LOCAL NEWS * BREAKING TORONTO TO HOST CANADA'S FIRST 2026 FIFA WORLD CUP MATCH AT BMO FIELD * Justin Bieber takes the ice, grabs the spotlight at NHL All-Star Weekend * Man facing charges in series of break-and-enters in Peel region WORLD NEWS * POLICE RESPONSE TO THE UVALDE SHOOTING WAS RIDDLED WITH FAILURES, NEW DOJ REPORT SAYS * Pakistani retaliatory strikes in Iran kill at least 9, raising tensions along border * In Davos, Israel's president calls ties with Saudi Arabia key to ending war in Gaza REAL ESTATE NEWS * TORONTO'S VACANT HOME TAX DECLARATION DEADLINE APPROACHES, FAILURE TO SUBMIT WILL RESULT IN FINE * Housing crunch prompts efforts to stabilize immigration levels, say federal ministers * Annual rent increases slowing as average asking price reaches $2,174 in November SPORTS NEWS * MONTREAL’S GABRIEL DIALLO LIFTS CANADA PAST SOUTH KOREA IN DAVIS CUP QUALIFIER * Ference feels NHL making progress with support of LGBTQ+ community * Spooner scores two in Toronto win over Minnesota in PWHL ENTERTAINMENT NEWS * ALLISON RUSSELL, DRAKE AND SOUND MIXER SERBAN GHENEA LEAD CANADIAN GRAMMY CONTENDERS * New Jersey comes West to kick off Grammy weekend with native sons Jon Bon Jovi and Bruce Springsteen * Marilyn Manson completes community service sentence for blowing nose on videographer LIFESTYLE NEWS * FLIGHT CENTRE FIGHTS HUNDREDS OF FAKE SITES, AS BOGUS BOOKING COSTS B.C. MAN $2,280 * Fat Tuesday means big business for New Orleans bakers under exploding demand for king cakes * As investors pile into psychedelics, idealism gives way to pharma economics Advertisement MOST READ * BREAKING TORONTO TO HOST CANADA'S FIRST 2026 FIFA WORLD CUP MATCH AT BMO FIELD * POLICE RELEASE PHOTOS OF MAN SUSPECTED IN DOOR-TO-DOOR SICKKIDS DONATION SCAM IN TORONTO * VICTIM RUSHED TO HOSPITAL FOLLOWING POSSIBLE DRIVE-BY SHOOTING IN NORTH YORK * MAN IN 20S IN HOSPITAL WITH LIFE-THREATENING INJURIES FOLLOWING COLLISION IN ETOBICOKE: POLICE * JUSTIN BIEBER TAKES THE ICE, GRABS THE SPOTLIGHT AT NHL ALL-STAR WEEKEND MOST WATCHED * false WATCH: AUSTRALIAN GIRL SAVES PET FROM SNAKE Air Date: February 2, 2024 * false CANADIANS DISAPPOINTED WITH SELF CHECKOUTS, REPORT Air Date: February 3, 2024 * false TEAM MATTHEWS WINS NHL ALL-STAR GAME Air Date: February 3, 2024 * false MAN WANTED IN SICKKIDS DONATION SCAM Air Date: February 3, 2024 * false CTV NATIONAL NEWS: LEAD FOUND IN STANLEY CUPS Air Date: February 3, 2024 Home Careers Privacy Policy Terms and Conditions Contact Us About Us Political Ads Registry Advertise on CP24 Accessibility BCE You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan, and submit your feedback using our Accessibility webform. 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