Moneyweb reports that Telkom Group CEO Sipho Maseko will step down at the end of this month, half a year earlier than originally planned.

In a statement on Tuesday, Telkom said CEO-designate Serame Taukobong would take the reins from Maseko on 1 January 2022. “The leadership transition plan is progressing effectively. As part of this plan, Sipho will step down from the Telkom board and those of subsidiaries, and remain an employee of Telkom until June 30, 2022. During this period, Sipho will be available to the new group CEO and the board in an advisory capacity,” the company indicated. Maseko, who joined Telkom in April 2013, is credited with turning around the company’s fortunes. At the time, Telkom was in dire straits. The share price more than tripled on his watch as he set about restructuring and streamlining the organisation to better compete in a liberalised telecommunications market.

• Read the original of the report in the above regard by Duncan McLeod at Moneyweb

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