Fin24

Telkom CEO stepping down

2010-06-04 07:28

Johannesburg - Telecommunications group Telkom (TKG) on Friday confirmed the exit of its group CEO Reuben September but it provided no details as to why September would be stepping down.

The company said September would retire from his position and resign his directorship at the expiry of his contract in November 2010.

Business Day reported on Friday that September's departure was prompted by "ongoing interference" from board chairman Jeff Molobela, as representative of the 
government, Telkom's largest shareholder.

September served Telkom for more than 33 years and was group CEO of Telkom from November 2007. 

During his tenure September led the disposal of the 50% interest in Vodacom, the restructure of the group, launch of its Data Centre Operations branded as Cybernest
and the decision to take the company into the mobile sector later this year. 

Telkom said a successor would be announced in due course. 

 - I-Net Bridge

Comments
  • Another one - 2010-06-04 08:51

    Another successful take over by ANC cronies (Molobela) is completed. Looking at Molobela’s general attitude I guess Mr. September were not black enough.

  • Multi-Links - 2010-06-04 08:55

    Good work on Multi-Links September. What a joke.

  • dbnnet - 2010-06-04 09:08

    I think this news will be welcomed by Telkom business and corporate customers. The company has lost its vision and seems to have no idea how to innovate, let alone be flexible in the 21 century. If it is to get out of its current quagmire, new leadership is clearly a starting point. Currently Telkom is sinking into irrelevance!

  • Critter - 2010-06-04 09:14

    No offence but this was long overdue. How it is that Telkom can charge R70 a GB and Afrihost R29 per GB

  • GJ - 2010-06-04 09:17

    Simple, really. The ANC wants as many of its cohorts as possible to get their snouts to the trough.Change CEO's often and everyone gets multimillion packages and pensions!

  • eric - 2010-06-04 10:27

    With a R12m bonus as well. I beleive

  • Investor - 2010-06-04 10:38

    Its about time he goes. He has not done a great job at Telkom. How did he land the position in the first place. The board should also go for lack of performance.

  • Skilo - 2010-06-04 11:07

    Finally, the corruption has caught up with him. Now he can go form a party of the disgruntled with Marius Mostert; Thami Msimango; Naas Fourie and Staffie August. Good riddance to the whole lot!

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