Home » Picture Gallery, Telecommunication Services » TELUS Executive Chair Establishes Family Trust

TELUS Executive Chair Establishes Family Trust




VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 12/23/14 — (TSX: T)(NYSE: TU) – TELUS today announced that Darren Entwistle, Executive Chair, TELUS Corporation, has established a family trust as part of an estate and tax planning transaction.

As part of the transaction, 974,410 TELUS common shares previously controlled by Mr. Entwistle will now be controlled by a family trust for the benefit of Mr. Entwistle–s family.

Mr. Entwistle will continue to personally hold 1,037,289 common shares and restricted stock units (396,370 TELUS common shares and 640,919 restricted stock units and executive performance stock units), significantly exceeding his share ownership requirement of 12x his base salary. Moreover, he continues to receive all of his base salary net of taxes and withholdings in TELUS shares for a sixth consecutive year in 2015.

This estate planning decision is unrelated to Mr. Entwistle–s ongoing role as TELUS– Executive Chairman, where he continues to oversee the Company–s strategy and operations. He will also continue to work together with the Lead Director to ensure the effective operation and leadership of the Board.

About TELUS

TELUS (TSX: T)(NYSE: TU) is Canada–s fastest-growing national telecommunications company, with $11.8 billion of annual revenue and 13.5 million customer connections, including 8.0 million wireless subscribers, 3.2 million wireline network access lines, 1.45 million Internet subscribers and 888,000 TELUS TV customers. TELUS provides a wide range of communications products and services, including wireless, data, Internet protocol (IP), voice, television, entertainment and video, and is Canada–s largest healthcare IT provider.

In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed more than $350 million to charitable and not-for-profit organizations and volunteered 5.4 million hours of service to local communities since 2000. Created in 2005 by Executive Chairman Darren Entwistle, TELUS– 11 community boards across Canada have led the company–s support of grassroots charities and will have contributed $47 million in support of 3,700 local charities organizations by the end of 2014, enriching the lives of more than two million Canadian children and youth. TELUS was honoured to be named the most outstanding philanthropic corporation globally for 2010 by the Association of Fundraising Professionals, becoming the first Canadian company to receive this prestigious international recognition.

For more information about TELUS, please visit .

Contacts:
Investor Relations
Paul Carpino
(647) 837-8100

Media Relations
Shawn Hall
(604) 619-7913





Posted by on 23. December 2014. Filed under Picture Gallery, Telecommunication Services. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Archive

© 2017 So-Co-IT. All Rights Reserved. Log in - Copyright by LayerMedia


Blogverzeichnis - Blog Verzeichnis bloggerei.de Blog Top Liste - by TopBlogs.de Bloggeramt.de blogoscoop