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Telkom strengthens board

Nov 16 2012 09:07
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Johannesburg - Telkom [JSE:TKG] announced on Friday that Leslie Maasdorp has been appointed as non-executive director of the company with immediate effect.

Maasdorp is President for Southern Africa at Bank of America Merrill Lynch.

In addition to his extensive experience over the past 10 years as a senior investment banker in South Africa‚ he has served in various capacities in the government‚ including as deputy director general of the Department of Public Enterprises and was a former special adviser to the Minister of Labour in 1994‚ Telkom said in a statement.

His previous board experience includes serving as a non-executive director of Absa Group‚ Johnnic and he is a former chairperson of TCTA.

His banking experience includes serving as international adviser to Goldman Sachs International and vice chairperson of Absa Capital.

Maasdorp is the current chairperson of Advtech [JSE:ADH]‚ a JSE listed company and leading provider of private education in South Africa.

He has resigned with immediate effect from the board of Cell C where he has served as an independent non-executive director for the past 4 years.

Maasdorp's appointment is the latest one to be made by the telecoms company. Earlier this week it announced the appointment of Jabulane Mabuza and Kholeka Mzondeki as non-executive directors.



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