Telkom SA’s chief resigns, another director follows

South Africa telecommunications firm Telkom has today said its chief executive officer Nombulelo Pinky Moholi had informed the company of her intention to step down.

Moholi would step down before her contract ends. It is further reported that she gave the board the required six months notice as per her contract.

Also, another Telkom SA director Neo Phakama Dongwana, issued the board with her resignation which was effective on 2 November 2012.

In a statement, Telkom SA said: “The Board thanks Ms Dongwana for her valuable contribution to Telkom and wishes her well in her future endeavours.”

Dongwana has been an independent non-executive director of Telkom since February 2012.

Telkom further said that once it has filled the current vacancies — and there are at least eight (8) directors as required by the Memorandum of Incorporation — the board will embark on a process of finding a replacement Chief Executive Officer.

Moholi, according to the statement from Telkom, will relinquish her job in April 2013, after being appointed as CEO in March last year.

“The Company would like to emphasise that Ms Moholi’s intended departure does not impact on its operational capabilities, and on its ability to provide customers with the best possible service.” Telkom added.

Telkom SA is partly owned by the South African government, the single biggest shareholder of the telecommunications company with a 39.8 percent stake.

Moholi and Dongwana’s resignations follow that of Lazarus Zim last month, how had announced he would be stepping down as chairman.

Posted in: Telecoms

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