Telkom group chief executive officer Sipho Maseko will step down on 30 June 2022.<\/p>\n
In a shareholder statement on Friday morning (23 July), the telecommunications group said that the process to appoint a successor is well underway and a designated group chief executive officer will be announced in the ‘not too distant future’.<\/p>\n
Maseko will help ensure the orderly transition into the role during the remainder of his tenure, Telkom said.<\/p>\n
“Sipho joined Telkom on 1 April 2013 at a time when the organisation faced severe challenges.<\/p>\n
“During his eight-year tenure, he turned the business around and evolved it from a traditional fixed business to a portfolio of businesses which comprises the mobile, IT, wholesale infrastructure business and the masts and tower portfolio.<\/p>\n
“Under his leadership, the group has had many remarkable strategic achievements in the execution of its broadband led strategy which are reflected in the group\u2019s current healthy position.”<\/p>\n
Telkom’s mobile business grew to become the third-largest in South Africa during Maseko’s tenure, with more than 15 million customers generating R20 billion revenue.<\/p>\n
He also helped oversee Telkom’s migration from ADSL to fibre, and the number of homes connected with fibre now exceeds the number of homes connected with copper, Telkom said.<\/p>\n