Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms 
LG, Nvidia Expand AI Partnership With Humanoid Robots, AI Factories 
Cisco Forecasts Strong Fiscal 2027 Growth as AI Networking Demand Surges 
SMIC Shares Rally as Q2 Profit Surges 262% on Strong Chip Demand 
ASX Faces Legal Action Over Failed Blockchain CHESS Project 
Hims & Hers Shares Fall as GLP-1 Costs Widen Q2 Loss 
Hanwha Offers Up to $1.2 Billion for Austal US Business 
Maersk Raises 2026 Earnings Outlook as Shipping Profits Beat Expectations 
Australia’s Corporate Leaders Face Parliament Over KPMG Client Data Scandal 
Paramount Weighs CNN Sale as $110B Warner Bros. Discovery Deal Faces Antitrust Fight 
OpenAI Executive Brad Lightcap to Leave for New AI Venture 
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy 
Ford to Move Some Lincoln Production From China to U.S. in 2030 
Samsung, SK Hynix Shares Surge on Report of Potential Temasek Investment 
CBA Posts Record A$10.98B Profit Despite Cautious Outlook 
Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook 
Add as a preferred source on Google
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
