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Cell C chief quits suddenly

Jul 13 2011 12:19
I-Net Bridge

Johannesburg - SA's third mobile operator Cell C announced on Wednesday that its chief executive, Lars Reichelt, would be leaving the company immediately, citing personal reasons.

"Lars has indicated his wish to resign for personal reasons and, after discussions about the way forward, the board has agreed to accept his resignation," Cell C said.

The group said its board had nominated Simon Duffy, chairperson of the company, to serve as acting CEO until a successor was appointed.

During his two-and-a-half year tenure at the helm of the company, Lars has led much-needed transformation and strategically positioned Cell C for growth.

"The Cell C crew has made incredible strides over the past few years and I am very proud to have led that process.

"I am confident the company, supported by its strong management team, is well positioned for continued growth, and have agreed to be available in an advisory capacity," Reichelt said.

Simon Duffy thanked Reichelt for his contribution to the restructuring of the company.

 
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