Key Sentence:
- SIPHO Maseko, CEO of Telekom Group, announced that he would be stepping down in March 2022.
- He said he had notified the board of directors that his last day of service would be June 30, 2022.
“So after the end of the year and after my notice period has expired.” Maseko was appointed CEO in 2013. Previously he was managing director at Vodacom. Maseko says it’s time to go. Eight years ago, the mission was apparent: We must save the company, make it resilient and fit for the future. I am glad that this mission has been fulfilled.
“Currently, Telekom is a stable company. We stake our business; we have an obvious strategy for each business area. We are on a clear path to unlocking value for our shareholders, indeed all of our stakeholders. “It was not an easy journey, but our perseverance paid off. I remain very optimistic and confident about our strategy and the future of the company. “
He said it was time for other leaders to take Telkom to a higher level. Telekom said he turned the business around during Maseko’s eight-year tenure. It has shifted from a traditional fixed-line company to a business portfolio that includes mobile communications, IT, wholesale infrastructure business, and a pole and tower portfolio,” said Telekom.
Maseko added: “I am very grateful to you, my colleagues from across the country, for trusting me to lead Telekom and support me on this journey, a journey that often takes us to unexplored places. “
Maseko said the board would announce a new CEO at a later date. We can make a difference. Unfortunately, this pride has spread to many people – this time, we are contributing to herd immunity.