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Australia’s TPG Telecom appoints new CFO amid asset buyout offer

Australia’s TPG Telecom said on Monday that it had appointed John Boniciolli as the group’s new chief financial officer from Nov. 13 after current CFO Grant Dempsey decided to retire.

The move comes amid a potential offer from Macquarie-backed rival Vocus to buy some of TPG’s non-mobile fibre assets for about A$6.3 billion ($4.14 billion).

The telecom firm said Dempsey would continue with the company in an advisory capacity until early to mid-2024 to ensure a full handover.

Boniciolli’s current employer, Domain Holdings Australia, said he would leave the company in early November. Prior to that role, Boniciolli served as the CFO of Vodafone New Zealand. Reuters

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