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Telkom appoints new board members

Dec 13 2012 11:16 I-Net Bridge
New Telkom chief executive Pinky Moholi. She is th

Outgoing Telkom CEO Pinky Moholi.

Company Data

TELKOM SA SOC LIMITED [JSE:TKG]

Last traded 0
Change -0,52
% Change 0
Cumulative volume 1835806
Market cap 33.58bn

Last Updated: 21-11-2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Telecommunications company Telkom [JSE:TKG] on Thursday announced the appointment of five top business leaders as independent non-executive members of its board. 

The new board members are Susan Botha‚ Clive Adrian Fynn‚ Khanyisile Kweyama‚ Fagmeedah Petersen and Louis Leon Von Zeuner. 

Telkom now has a board of 14 members‚ enabling it to speedily fill vacancies on board committees and to focus on the recruitment of a new group chief executive officer.

Current GCEO Nombulelo Moholi has resigned but is continuing to serve the company during her notice period‚ the company said in a statement. 

“The latest appointments join our other recent board recruits‚ Leslie Maasdorp and Kholeka Mzondeki‚ and together they form a considerable resource for executive management‚” said board chairperson Jabu Mabuza. 

He said Telkom appreciated that the new board members had demonstrated their commitment to contribute towards the development of Telkom as a company that is critical to the future of South Africa’s economy. 

“In addition‚ the recent meeting between the minister of communications and the board demonstrated that there is a fresh‚ shared‚ understanding emerging of the policy requirements of government and the business imperatives for Telkom. 

“It is encouraging that in just a few weeks we have made significant strides in addressing the issues of leadership and government’s relationship with Telkom‚” he added. 

“This path to full restoration of all governance structures will be followed with the appointment of a new group chief executive officer. This will place Telkom firmly on track to deliver the dual challenges of maintaining and growing shareholder value and contributing towards national economic and social development,” said Mabuza.

 

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