South African telecommunications giant Telkom Group has appointed Miriam Altman as its head of strategy as it continues efforts to turn its fortunes around.
HumanIPO reported last month part state-owned Telkom was expecting to report an at least 20 per cent drop its headline earning per share (HEPS) for the year ending March 31, 2013, and in recent month a major reshuffle has been ongoing at the top of the company.
Sipho Maseko, Telkom Group chief executive officer (CEO), said: “Telkom is in the process of reviewing its strategy to ensure that it delivers on its mandate and restores its financial health. The objective of Telkom’s turnaround is to deliver sustainable performance. Several areas of the business are under review, and a coordinated set of initiatives are already underway.
“Going forward, this strategy will require a strong leadership team with the ability to ensure performance and execution and gain the support of all its stakeholders. We believe that Dr Altman will be able to contribute towards achieving that objective.”
Maseko was only appointed CEO at the end of March and was joined by Brian Armstrong, appointed group chief operating officer, at the same time.
Altman was an executive director at the HSRC from 2002 to 2010 and is a member of the National Planning Commission.
