TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Instagram Outage Disrupts Thousands of U.S. Users 
Boeing Signals Progress on Delayed 777X Program With Planned April First Flight 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
CK Hutchison Unit Launches Arbitration Against Panama Over Port Concessions Ruling 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Singtel Optus Pty Ltd., a telecommunications company, named its new chief executive officer just months after dealing with a massive outage problem. On Monday, May 6, the company announced the appointment of Stephen Rue as its new CEO.
Rue, a former chief executive of the National Broadband Network (NBN) broadband firm, will lead Optus, replacing Kelly Bayer Rosmarin, who quit in November. The former chief resigned after facing strong criticism for how she handled the national network outage last year. It was also under her watch when a cyberattack happened in 2022.
Optus Strategy to Win Back Trust
According to Channel News Asia, the newly appointed CEO of Optus has been leading NBN since 2018, and his move to Singtel-owned telecom firm is anticipated. The company wants to rebuild and restore customer trust and believes Rue can help achieve these goals.
"An appointment of a new CEO at Optus has been well-awaited by the market. Mr Rue does not seem to have a mobile business background but has a sound financial expertise in running Australian businesses," Sachin Mittal, an analyst at DBS stated.
CEO Rue’s Official Appointment
Optus aims to expand its local market share through its recent agreement with TPG telecom company. They signed a deal to set up a regional multi-operator core network. In any case, with Stephen Rue taking over the CEO role, he will also become part of the board.
However, he will not work for Optus until November. Before this date, it was reported that Michael Venter, Optus' chief finance officer, would continue to serve as interim chief.
“Stephen was chosen after a rigorous process that involved a slate of high-quality candidates,” Paul O’Sullivan, Optus’s chairman, said in a press release. “We are extremely pleased to have someone of his caliber to lead the next chapter at Optus. We expect Stephen’s operational and financial background to lift service standards significantly for the benefit of our customers.”
Photo by: Optus Media Website
