Cell C appoints new chairman
Mobile operator Cell C has appointed Kuben Pillay and Larry Nestadt to the board of the company.
The appointments follow the recent the recapitalisation of Cell C whereby Blue Label Telecoms and Net1 respectively acquired 45% and 15% of the company’s share capital.
Pillay, who has previously served on the boards of several public and private companies, including Primedia – first as CEO and then chairman – and chairman of the Mineworkers Investment Company (MIC), replaces Mohammed Hariri as non-executive chairman of Cell C.
An attorney by trade, Pillay currently serves on the boards of Transaction Capital Limited and the Outsurance Group of Companies.
“The telecommunications industry is an exceptionally exciting environment, fast-paced and elastic. The Cell C executive team has made incredible strides operationally, despite difficult circumstances and I look forward to supporting them in the future growth of Cell C as its new chairman,” said Pillay.
Nestadt, a co-founder and former director of Investec Bank Limited will serve as non-executive deputy chairman on the board of Cell C.
He is the chairman of Blue Label Telecoms Limited, Dis-Chem Pharmacies Limited, Universal Partners Limited, Executive chairman of Global Capital Proprietary Limited as well as chairman of the following unlisted companies: Morecorp Group, Melrose Motor Holdings, SellDirect and National Airways Corporation.
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