Telstra Group Ltd (ASX: TLS) Dips 0.2% Amid InfraCo CEO Transition Despite ASX 200 Gain

Mon 12 May 25, 05:56 AM | Team Kalkine

Image source: Shutterstock

Highlights

Telstra shares down 0.2% to A$4.60, trailing ASX 200’s 0.4% intraday rise

Brendon Riley to retire as CEO of InfraCo; Steven Worrall to step in September

InfraCo change follows Telstra’s half-year NPAT growth of 7.1% to $1.1 billion

Shares of Telstra Group Ltd (ASX: TLS) edged 0.2% lower to A$4.60 in Monday morning trade, underperforming the broader S&P/ASX 200 Index (ASX: XJO), which was up 0.4% at the same time. The price movement follows an announcement regarding a leadership transition at Telstra's infrastructure arm, Telstra InfraCo.

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