Telus has announced that Darren Entwistle will step down as CEO after a long tenure at the Canadian telecom giant. Entwistle, who has led Telus for over two decades, will hand over leadership to Victor Dodig, the former CEO of Canadian Imperial Bank of Commerce. The transition marks a significant change in leadership for one of Canada's largest telecommunications companies.

Dodig brings extensive financial sector experience to Telus, having served as CIBC's CEO since 2014. His appointment represents a departure from Telus's tradition of promoting from within, as Dodig comes from outside the telecommunications industry. The move suggests Telus may be seeking fresh perspectives on strategy and operations as it navigates an increasingly competitive Canadian telecom market.

The leadership change comes at a pivotal time for Telus, which faces ongoing pressure to invest in network infrastructure while managing regulatory challenges and competition from rivals like Rogers and BCE. Dodig's banking background may prove valuable as Telus continues to expand its digital services and explores new growth opportunities in healthcare and other sectors.