Stephen Rue Appointed as CEO of Optus Amid Corporate Challenges

Rue's leadership aims to stabilize Optus following a series of setbacks including a major network outage and a significant data breach.

Stephen Rue, previously head of Australia's National Broadband Network, will take over as Optus CEO in November.
The appointment follows the resignation of Kelly Bayer Rosmarin after a disruptive network outage affected over 10 million users.
Singtel, Optus' parent company, faces financial strain with a projected net loss due to non-cash impairment charges.
Market analysts view Rue’s appointment as a strategic move to restore trust and improve operational efficiency at Optus.
Speculations about Singtel selling its stake in Optus persist, though the company has repeatedly denied such claims.