The Globe and Mail reports in its Friday edition that shortly before Christmas, Darren Entwistle told institutional investors that his 26-year run as chief executive officer at Telus was good for at least another year. A four-bylined item led by Irene Galea says that the board had different ideas. Starting last fall, board chair John Manley was having conversations with retired CIBC CEO Victor Dodig about his willingness to step into the CEO role. It showed that, despite talk of Mr. Entwistle's retirement, Telus's board never was able to line up a suitable successor to take over the top job before turning to Mr. Dodig. Over a decade at the helm of CIBC, Mr. Dodig delivered the largest takeover in the bank's history and rebuilt the balance sheet and culture, moving the bank from worst to first on customer satisfaction. He joined the Telus board in 2022. At the age of 60, friends expected the self-professed policy wonk to jump into politics. "I got to him before Mark Carney," Mr. Manley told The Globe. Scotiabank analyst Maher Yaghi said that under Mr. Entwistle's leadership, the dividend was sacred and would be defended. "The board with a new CEO might have other prerogatives on capital allocation," he said in a note.