VANCOUVER - TELUS (TSX:T, NYSE: TU) announced today that Chief Financial Officer Doug French will retire on June 30, 2026, after 30 years with the company, according to a press release statement. The $175.5 billion telecom giant currently trades at a P/E ratio of 8.42 and offers investors a dividend yield of 4.39%.
Gopi Chande, currently CFO of TELUS Digital and TELUS Health, will assume the role of Chief Financial Officer effective July 1, 2026. French will continue in an advisory capacity until July 31 to support the transition and will remain as Chair of the Board of the company’s Terrion tower subsidiary.
French joined TELUS as Finance Manager and progressed through roles including Chief Accountant and business unit Controller before serving as CFO for 10 years. During his tenure as CFO, he oversaw debt management that secured an average term to maturity of long-term debt of nearly 15 years at a weighted average cost of 4.77%.
Chande has spent 16 years at TELUS in progressively senior roles. As CFO of TELUS Digital, she managed the company’s financial operations as a publicly traded entity on the Toronto Stock Exchange and New York Stock Exchange through its 2025 privatization. She previously served as TELUS’ Treasurer, overseeing treasury, mergers and acquisitions, pensions, investor relations and sustainability.
Prior to joining TELUS, Chande spent 10 years at KPMG directing audit and advisory services for technology firms including Netflix and SAP. She is a Chartered Professional Accountant and a 2022 Fellow.
TELUS operates in more than 45 countries and generates over $20 billion in annual revenue with more than 21 million customer connections. The company provides broadband services for consumers, businesses and the public sector. According to InvestingPro analysis, TELUS appears undervalued at current levels based on Fair Value estimates. The company has maintained dividend payments for 43 consecutive years, one of several key insights available in the comprehensive Pro Research Report.
The transition reflects the company’s succession planning process, with Chande bringing public company CFO experience and over 30 years of financial expertise to the role.
In other recent news, AT&T Inc. reported a strong performance for the first quarter of 2026, surpassing earnings expectations with an earnings per share (EPS) of $0.57, compared to the forecasted $0.55. The company also reported revenue of $31.5 billion, exceeding the anticipated $31.25 billion. These results come amid ongoing concerns about increased debt and cash flow challenges. Meanwhile, analyst opinions on AT&T have varied, with BNP Paribas Exane lowering its price target to $26.00 from $28.00, citing concerns about fiber growth. On the other hand, KeyBanc reiterated an Overweight rating with a $36.00 price target, noting the company’s convergence strength. Scotiabank adjusted its price target to $31.00, maintaining a Sector Perform rating and recognizing AT&T’s strong execution in fiber and wireless services. In a separate development, TELUS Digital expanded its operations across Asia-Pacific and Latin America, adding new locations in several countries, including Indonesia, Thailand, and Argentina. These expansions reflect TELUS Digital’s strategic growth in global markets.
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