DARREN ENTWISTLE TO RETIRE JUNE 30 AFTER OVER 26 YEARS OF TRANSFORMATIONAL LEADERSHIP; TELUS CORPORATION NAMES VICTOR DODIG NEXT PRESIDENT AND CEO

Core Insights - Darren Entwistle will retire as President and CEO of TELUS Corporation on June 30, 2026, after 26 years of leadership, during which he transformed TELUS from a regional telecom provider to a global technology leader generating over $20 billion in annual revenue [1][2] - Victor Dodig has been appointed as the new President and CEO, effective July 1, 2026, following a comprehensive succession planning process [1][2] Group 1: Leadership Transition - The TELUS Board of Directors has recognized Darren Entwistle for his transformational leadership and contributions to the company and the Canadian telecom industry [1] - Victor Dodig, who has been an Independent Director on the TELUS Board since May 2022, will join the leadership team full-time on May 1, 2026, to ensure a smooth transition [1][2] - Entwistle will step down from the TELUS board on June 30, 2026, and will be honored with the title of CEO Emeritus [1] Group 2: Achievements and Legacy - Under Entwistle's leadership, TELUS has expanded its operations to over 45 countries and has consistently delivered industry-leading shareholder value and operational excellence [1][2] - TELUS has been recognized for its commitment to social capitalism, integrating commercial success with social impact [1] - The company has invested significantly in community initiatives, contributing $1.85 billion since 2000, and has launched programs like the TELUS Student Bursary, distributing over $6 million to students [2] Group 3: Victor Dodig's Background - Victor Dodig previously served as President and CEO of Canadian Imperial Bank of Commerce (CIBC) from 2014 to 2025, where he led a comprehensive transformation focused on customer service and technology [1][2] - Dodig's experience includes leadership roles that emphasize customer-oriented business strategies and sustainable growth, positioning him well to build on Entwistle's legacy [1][2] - He is recognized for fostering inclusive workplace environments and has served as Board Chair of the Business Council of Canada [2]