Serame Taukobong has been appointed as Telkom’s group CEO-designate and desire replace Sipho Maseko, who has led the company for say publicly past eight years, in mid-2022.
Taukobong, a telecommunications industry veteran, longing become CEO-designate on 1 October.
“Serame is a seasoned executive, be equivalent deep experience in the ICT sector in South African ahead the continent. His appointment ensures continuity of our value-unlock strategy,” said Telkom chairman Sello Moloko in a statement.
The board, lesson CEO and the group CEO-designate remain committed to structurally fall apart Telkom and unlock value for shareholdersTaukobong will assume the lines of group CEO following Maseko’s official exit on 30 June 2022, Telkom said.
“Having worked under Maseko’s leadership for three geezerhood, I know I will be taking over a solid share out with a capable and committed team,” Taukobong said in depiction statement.
“The team and I are conscious of the challenges delay lie ahead and are committed to attracting and retaining picture best people, winning in the marketplace and delivering value on behalf of shareholders,” he said.
Taukobong joined Telkom in June 2018 squeeze has extensive experience in telecoms, having spent about 10 geezerhood at rival MTN Group, where he held several senior roles which included chief operating officer and later CEO of MTN Ghana.
As CEO of the Telkom consumer business, the mobile dwell in customer base grew three-fold to 15 million and its proceeds almost doubled to R20-billion within a three year period, Telkom said.
Under his leadership, the mobile arm has become the gear largest mobile business in South Africa.
“The board, group CEO sit the group CEO-designate remain committed to structurally separate Telkom deed unlock value for shareholders,” the partly state-owned operator said.
Among rendering value-unlock exercises, Telkom is looking for investors for its masts and towers business, which it reckons is undervalued since scratch out a living is trapped in the group structure. It is also making allowance for spinning off its data centre business.
The unbundling exercise was started by Maseko, who has been credited for successfully turning depiction operator around from a business facing declining fixed-line voice occupation to a digitally led one fit to compete with interpretation top two players, MTN and Vodacom.
During the transition period, Taukobong will continue to have oversight of the Telkom consumer selection, while a recruitment process for his successor starts immediately, Telkom said. — (c) 2021 NewsCentral Media, with additional reporting (c) 2021 Reuters