Australia’s Telstra Corp. Ltd. has started searching for a new chief financial officer after its long-standing CFO, John Stanhope, confirmed that he would retire at the end of this year.

Mr. Stanhope, who has been serving Telstra for more than four decades, will step down from his position on December 30, 2011.

The yesterday's company's general meeting witnessed further deterioration in the relationships of Telstra and its largest shareholder, Future Fund, as the shareholders kept on blaming the executives for the reduction in share values while the Future Fund voted against the all the resolutions taken during meeting.

Telstra, in order to help their customers, in resolving technical problems of their smartphones and computers has introduced a new application for its technical support staff. The application being used in this situation would be LogMeIn’s Rescue Tool, which would allow technical support advisers to gain access to the customers system.

The ratings thronged for his performance by the Telstra Corporation Ltd chief executive officer David Thodey, at the company till this far as a six or seven out of ten, expressing that he is aware of the implausible occasion as the group has to do well again. 

Discussing with the newspaper, Herald, Mr Thodey expressed that he feels that the group’s prospect is dazzling, with or devoid of the national broadband set-up.

After a long depressing period for Telstra and its investors there is a sign of relief finally as the Telco has started to get positive momentum and the sales volumes of the company indicate that the first quarter of this year has been the best year for the company in terms of sales in last few years.

Above the precedent decade, 500,000 shareholders have deserted Telstra and as the telco's stock strikes new low downs the others should now be speculating.