Telkom Sa Limited - New Ceo For Telkom
Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN ZAE000044897
JSE and NYSE Share Code TKG
(`Telkom`)
NEW CEO FOR TELKOM
Top Team Restructured
Telkom today announced the appointment of Leapeetswe Rapula Radiala (Papi)
Molotsane as Chief Executive Officer, effective 1 September 2005.
Mr Molotsane is currently the Group Executive of Transnet and has a broad-based
professional background in engineering, systems, operations, sales, marketing
and human resources. He has proven leadership ability and extensive managerial
experience. Mr Molotsane is a director of Arivia.kom, SA America`s Cup Challenge
and Fike Investment (Pty) Ltd. Mr Molotsane qualifications include a Bachelor
of Science in Business, a Bachelor of Engineering Technology and Master of
Science in Business Administration. Mr Molotsane also completed the reputed
Stanford Executive Programme in the USA.
Mr Molotsane takes over from Telkom`s incumbent CEO, Sizwe Nxasana, who has been
at the helm of Africa`s largest communications provider since April 1998.
Nxasana decided not to renew his contract after December 31, 2005 for personal
reasons. Nxasana will leave Telkom once a structured hand-over process to Mr
Molotsane has been completed.
Chairman of Telkom, Nomazizi Mtshotshisa, commented: `Mr Molotsane has the
skills and the leadership style that the Board believes are required to deliver
Telkom`s growth strategy and commitments in an increasingly competitive
telecommunications environment. He will lead an extremely capable and
representative management team and dedicated family of employees that have
proven their ability to rise to the challenges and opportunities of a modern
South African business. We extend a warm welcome to Mr Molotsane and wish him
well steering Telkom into an exciting new phase of development.`
`Telkom`s vision is to be a leading communications provider. Telkom has chosen
to increase its focus on specific growth opportunities while continuing to
balance the needs of all its stakeholders. I am honoured and inspired to be
taking on this role at this time with a mandate to pursue leadership in all
spheres of Telkom`s business. I am looking forward to working with the Telkom
team and leading Telkom in an exciting and challenging telecommunications
market` said Mr Molotsane.
The Chairman also announced that the Telkom Board had decided to streamline the
top structure of the company to ensure optimal reporting lines and executive
focus. This will involve a reshuffle of certain positions held by current
executives and has led to the appointment of Mr Reuben September as the Chief
Operating Officer and Mr Mandla Ngcobo as the Chief Corporate Affairs.
The new structure will take effect from 1 September 2005.
Pretoria
17 August 2005
Date: 17/08/2005 02:00:05 PM
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