Telkom needs a “worthy successor” – Solidarity
Telkom needs to find a “worthy successor” to chief executive Nombulelo “Pinky” Moholi, trade union Solidarity said on Monday (5 November 2012).
“Moholi is one of several Telkom CEOs who have resigned over the past year and her resignation will contribute to further instability in the company,” spokesman Marius Croucamp said in a statement.
He said the company had been plagued by problems, such as a R449 million Competition Tribunal fine for “bullying” potential competitors, a failed bid by Korea Telecoms to buy a 20 percent stake in the parastatal, and weak financial prospects.
“Solidarity is concerned about who will take over the reins from Moholi, as her successor will have to re-establish stability in the company.”
The parastatal announced Moholi’s resignation on Monday.
“Moholi has notified the company of her intention to step down before the end of her contract period,” it said in a statement.
“She has given the board the requisite six months’ notice in this regard.”
The company’s board director Neo Phakama Dongwana also resigned.
Once the “current vacancies” on the board were filled, it would start looking for a new chief executive.
Website BDlive reported that at Telkom’s annual general meeting (AGM) in October, Communications Minister Dina Pule managed to vote off four board members.
The AGM was last chaired by Lazarus Zim after he announced his resignation as Telkom chairman in September.
Moholi previously rejected speculation that she intended resigning after Zim left.
Moholi was appointed chief executive in April last year, after acting head Jeffrey Hedberg decided earlier in 2011 not to renew his contract.
She became the first black woman to head up a Johannesburg Stock Exchange listed telecommunications company in South Africa. She was previously Telkom’s chief sales and marketing officer from 2002 to 2005, before moving on to Nedbank for three years.
In 2009 she returned to Telkom as a managing director.
Related article
Moholi exit a “big blow” – analyst
Telkom CEO rubbishes resignation rumours
DoC hints at mobile and fixed-line partners for Telkom
Loading ...