Telkom SA Limited - Telkom Sa Limited New Management Structure
Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN : ZAE000044897
JSE and NYSE Share Code: TKG
(`Telkom`)
TELKOM SA LIMITED NEW MANAGEMENT STRUCTURE
Telkom has made changes to its management structure following the sale by its
former strategic equity investor, Thintana Communications LLC (`Thintana`) of
its remaining shares in Telkom and the cancellation of the strategic services
agreement between Telkom and Thintana. The Chief Executive Officer, Sizwe
Nxasana, will have a greater operational role and as a result the number of
executives reporting directly to him will be reduced from fourteen to ten.
Changes to the management reporting structure include:
The Chief Marketing and Sales Officer, Nombulelo Moholi, and the Chief Technical
Officer, Reuben September, will report directly to the Chief Executive Officer,
Sizwe Nxasana. Previously both positions reported to the Chief Operating
Officer, Shawn McKenzie (Thintana representative).
A new position of Group Executive: Corporate Affairs has been created, which
will be filled by Belinda Williams who was previously head of Telkom`s investor
relations. The Group Executive: Corporate Affairs will be responsible for
investor relations, corporate communications, mergers and acquisitions and
corporate strategic planning. The strategic planning functions of the Chief
Strategic Officer position, previously filled by Chian Khai Tan (Thintana
representative) will be transferred to the Group Executive: Corporate Affairs.
The executive committee established by the board in June 2004 will now comprise:
Sizwe Nxasana - Chief Executive Officer
Kaushik Patel - Chief Financial Officer
Nombulelo Moholi - Chief Sales and Marketing Officer
Reuben September - Chief Technical Officer
Oupa Magushula - Group Executive: Human Resources
Mandla Ncgobo - Group Executive: Legal Services
Belinda Williams - Group Executive: Corporate Affairs
All positions previously held by Thintana secondees have been filled in terms of
Telkom`s ongoing succession plan.
The top management structure comprises 27 positions, of which 80% are black and
28% are female. The new management structure and abridged curriculum vitae are
available on the Telkom Investor Relations website on www.telkom.co.za/ir
Johannesburg
9 December 2004
Sponsor
UBS Warburg
Date: 09/12/2004 09:00:32 AM
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