Johannesburg - Vodacom Group [JSE:VOD] said on Thursday
chief executive Pieter Uys would leave the company in March next year and be
replaced by Shameel Joosub.
Joosub is currently the chief executive of Vodafone Spain
and his appointment would take effect from September 1 this year to ensure a
smooth transition, the company said.
Uys, who has served as Vodacom’s CEO for four years, joined
the company almost 20 years ago.
“It’s now time for change and I will leave Vodacom confident
that the business will prosper under Shameel’s leadership,” Uys said in a
Joosub had previously worked as managing director of Vodacom
South Africa and as a director from 2000 to 2010 before transferring to
Vodacom, the biggest mobile operator in South Africa, also
said in June that the managing director of its South African operations had
Vodacom shares were little changed at the start of trade on
Thursday as investors took in their stride news the mobile operator’s chief
executive will step down next year.
Shares were little changed at R96.09 at 07:08 GMT.