| Thu 17 Mar 2011, 7:05 | | TKG - Telkom SA Limited - Appointment of Chief Executive Officer |
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TKG
TKG
TKG - Telkom SA Limited - Appointment of Chief Executive Officer
Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN ZAE000044897
JSE Share Code TKG
("Telkom" or "the Company")
Appointment of Chief Executive Officer
The Board of Telkom SA Limited is pleased to announce the appointment of Ms
Nombulelo (Pinky) Moholi as Chief Executive Officer of the company with effect
from 1 April 2011.
Ms Moholi is an experienced telecoms executive of 23 years in the ICT sector,
of which 15 years was in executive management. After a formative career as an
engineer at GEC and Siemens, she joined Telkom in 1994. She spent eleven years
at Telkom SA during which she was promoted to several senior positions,
including Group Executive: Regulatory Affairs, Managing Executive:
International and Wholesale Business, and Chief Sales and Marketing Officer
and a member of the Telkom Executive Committee (Exco).
Moholi left Telkom in 2005 to join the Nedbank Group, where she served as the
Chief Strategy and Corporate Affairs Officer, and a member of their Executive
Committee for just over three years. She rejoined Telkom as the MD of Telkom
South Africa in May 2009.
After obtaining her Electrical Engineering degree from the University of Cape
Town in 1984, Moholi completed Executive Management Programmes at Stanford and
Harvard Universities. She has served as a non-executive director on a number
of private and publicly listed companies.
In appointing the Chief Executive Officer, the Board followed a rigorous
evaluation process including international benchmarking and consultation with
the Department of Communications, the latter a requirement specified by the
company`s articles of association before the expiry of the Class A and B
shareholders` rights on 4 March 2011.
The contract of the acting Chief Executive Officer, Mr Jeffrey Hedberg,
expires at the end of March 2011. The Board of Directors have requested Mr
Hedberg to remain at Telkom in an advisory capacity until the release of the
Group`s annual results in June.
On behalf of shareholders, management and staff, the Board congratulates Ms
Moholi on her appointment and wishes her every success in the creation of
value for all Telkom stakeholders.
Pretoria
17 March 2010
Sponsor
UBS South Africa (Pty) Ltd
Date: 17/03/2011 07:05:40 Produced by the JSE SENS Department.
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