Alan Knott-Craig in talks to head up Cell C?
MyBroadband has received information from two separate sources that former Vodacom CEO Alan Knott-Craig has been talking to Cell C about the company’s future and a possible ‘rescue plan’ for the company.
One source close to Cell C said that Knott-Craig may be interested in taking over as Cell C CEO from 1 April 2012 (after his Vodacom restraint of trade contract ends on 31 March 2012), as long as the company can assure him sufficient budget to execute his plans.
Cell C has been without a permanent CEO since former chief executive Lars Reichelt left the company in July 2011. Cell C chairman Simon Duffy has been serving as acting CEO since Reichelt’s departure.
Another rumour circulating in the market is that Knott-Craig is in discussions to facilitate an investment in the company which will give the operator more funds.
Neither Cell C nor Knott-Craig would confirm or deny these rumours. Cell C merely said that “we do not comment on speculation or rumour”.
Knott-Craig could not immediately be reached for comment.
Vodacom also did not provide comment by the time of publication
Loading ...