01:01 PM EDT, 05/09/2024 (MT Newswires) -- TELUS ( TU ) said Thursday chief executive Darren Entwistle will receive his entire salary in shares for the foreseeable future.

Entwistle previously took his entire salary in shares from 2010 through 2015, the telecom comp[any said.

The company said the decision reflects confidence in the financial health of TELUS ( TU ), the consistent and long-term strategy the company is delivering and the skill of the TELUS ( TU ) team.

The company's shares were last seen down C$0.01 to C$22.50 on the Toronto Stock Exchange.

Price: 22.50, Change: -0.01, Percent Change: -0.04