| Mon 14 Sep 2009, 17:20 | | TKG - Telkom SA Limited - Announcement of Telkom`s new Chairman |
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TKG
TKG
TKG - Telkom SA Limited - Announcement of Telkom`s new Chairman
Telkom SA Limited
(Registration number: 1991/005476/06)
(ISIN number: ZAE000044897)
JSE and NYSE share code: TKG
("Telkom" or "the company")
Announcement of Telkom`s new Chairman
Telkom shareholders are informed that:
- Mrs Shirley Lue Arnold retires as a non-executive director and Chairman of
Telkom on conclusion of her three year contract on 1 November 2009.
Mrs Arnold presided over a number of strategic and organisational changes,
including the Vodacom transaction, the African expansion and the more
recent group restructure. Telkom is extremely grateful To Mrs Arnold and
wishes to thank and acknowledge her for her leadership, dedication,
contribution and service to the Telkom Group.
- Mr Jeff Molobela will be appointed as a non-executive director (for a three
year period) and as Chairman (for a 1 year period) with effect from 1
November 2009.
Mr Molobela holds a BSc (Eng.) Honours degree from the Imperial College (London
University) and an MBA from the Imperial College Business School (London
University). He has extensive experience in financial services, has served on
numerous company boards and board committees and consulted to Denel and Armscor.
In 2007, Mr Molobela was involved in the development and implementation of a
nationwide Wi-Fi Telecoms project and was responsible for developing a business
plan for a Wi-Max roll out plan for submission to ICASA.
Mr Molobela has served on the boards of Africon Engineering Limited, Transnet,
Primegro Limited, CBS Properties Limited, Growthpoint properties Limited and
Decillion Limited. Mr Molobela currently serves on the boards of Concorde
Foundry Vereeniging, N3TC Limited and Cashbuild Limited.
The appointment of Mr Molobela is made by the Government of South Africa,
Telkom`s Class A shareholder holding 39.8% of the issued share capital as at 31
March 2009 in terms of the company`s Articles of Association.
Telkom wishes Mrs Arnold every success in the future and welcomes Mr Molobela to
the Board.
15 September 2009
Pretoria
Sponsor: UBS South Africa
Date: 14/09/2009 17:20:19 Produced by the JSE SENS Department.
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