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
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.