Telus CEO Darren Entwistle to retire at end of June after 26 years in the top job

Telus CEO Darren Entwistle, marked the opening of the company's new 60-storey Calgary headquarters called Telus Sky in Calgary, Alta., Wednesday, July 6, 2022. THE CANADIAN PRESS/Jeff McIntosh

VANCOUVER — Telus Corp. says chief executive Darren Entwistle will retire at the end of June and be succeeded by former CIBC chief executive Victor Dodig, who has been a member of the Telus board since 2022.

The company says Entwistle has been chief executive at Telus for 26 years.

“Under Darren’s leadership, the TELUS team has consistently demonstrated a shared passion for purpose, fusing technology, social innovation and human compassion to create a friendlier future for all stakeholders,” Telus board chair John Manley said in a statement.

Entwistle will also step down from the Telus board when he leaves the chief executive job on June 30.

He will be given the title of CEO emeritus and act as an adviser and be available to Dodig until April 30, 2027.

Dodig stepped down as chief executive at CIBC last year, handing the reins at the bank to Harry Culham after more than a decade in the job.

He becomes CEO designate at Telus effective immediately and will join the company’s leadership team full time on May 1 before becoming chief executive on July 1.

“Victor’s proven track record leading customer-oriented businesses, driving growth and operating in a regulated sector positions him ideally to build on Darren’s legacy and to continue creating long-term, sustainable value for our shareholders,” Manley said.

The announcement of the change came as Telus reported a profit attributable to common shares of $292 million or 19 cents per share for its fourth quarter.

The result compared with a profit attributable to common shares of $358 million or 24 cents per share in the same quarter a year earlier.

Operating revenue and other income totalled $5.26 billion, down from $5.38 billion in the fourth quarter of 2024.

On an adjusted basis, Telus says it earned 20 cents per share for the quarter ended Dec. 31 compared with an adjusted profit of 25 cents per share a year earlier.

This report by The Canadian Press was first published Feb. 12, 2026.