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Telkom strengthens board

Nov 16 2012 09:07
Telkom is still looking for a replacement for chie

Telkom is still looking for a replacement for outgoing chief executive Pinky Moholi.

Company Data

TELKOM SA SOC LIMITED [JSE:TKG]

Last traded 37.45
Change -0.8
% Change -0.02
Cumulative volume 1677102
Market cap 19.50bn

Last Updated: 24/04/2014 at 04:29. Prices are delayed by 15 minutes. Source: McGregor BFA

ADVTECH LIMITED [JSE:ADH]

Last traded 8.33
Change 0.03
% Change 0.00
Cumulative volume 335346
Market cap 3.51bn

Last Updated: 24/04/2014 at 02:21. Prices are delayed by 15 minutes. Source: McGregor BFA

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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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