Knott-Craig resignation at M&R spices up Cell C speculation
Speculation that former Vodacom CEO, Alan Knott-Craig, is close to an agreement with Cell C to take over as CEO intensified on Wednesday after construction group Murray & Roberts (MUR) announced the resignation of Knott-Craig as non-executive director with immediate effect.
Murray & Roberts said that Knott-Craig had resigned due to other business commitments, following three years of contribution.
Knott-Craig however, has denied that he has reached an agreement with Cell C to take over as CEO at the company.
In late 2011, news emerged that Alan Knott-Craig was in discussions with Cell C which could see him head up the company.
At the time, he confirmed that he was in tentative talks with Cell C, but he was quick to point out that he had not signed a contract with any company.
Speculation about Knott-Craig heading up Cell C has once again flared up with sources saying that he will take over as long as there is adequate funding to execute his plans.
Knott-Craig told MyBroadband via his spokesperson, Kevin Schmidt, that these rumours are untrue, and that nothing has changed since the news reports surfaced last year.
According to Schmidt, Knott-Craig said that he was perplexed by the speculation and added that he does not know why these rumours started.
Industry sources, however, maintain that it is likely that Knott-Craig will take over at the helm as Cell C CEO, replacing acting CEO, Simon Duffy.
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