Sipho Maseko has been appointed as Telkom Group’s CEO by the Telkom board with effect from April 1 2013, months after the then CEO Nombulelo Moholi resigned in a move expected to turn around the firm’s fortunes.
Telkom Business’s MD Dr Brian Armstrong has been appointed as the group chief operating officer.
Jabu Mabuza, Telkom chairman said:“The appointment of a seasoned executive with telecommunications experience is another building block in Telkom’s turnaround process,” and added,”The objective of Telkom’s turnaround is to deliver sustainable performance. It is a strategy that requires a strong leadership team with the ability to ensure performance and execution and gain the support of all its stakeholders.”
Mabuza said,“The board has full confidence in the capabilities of our new group CEO to be a strong strategic leader, able to gain the support of all stakeholders in dealing with Telkom’s turnaround challenges. We are also confident that the appointment of Brian Armstrong as group COO ensures business performance for our customers during the turnaround process.”
Mabuza argued “Telkom is a great asset for South Africa and I am privileged to be entrusted with its leadership. I am determined that we’ll earn the trust of all our stakeholders the old-fashioned way, by delivering results.”
Sipho Maseko is a former chief operating officer of Vodacom Group Ltd and South Africa’s biggest wireless company. His experience will help turn around Telkom’s business fortunes after declining revenue for three years and will provided the needed leadership as the firm plans to roll out broadband for all by 2019.