Appointment of Telkom Group CEO
Telkom today announced that Ms Nombulelo Moholi has been appointed Group Chief Executive Officer, with effect from 1 April 2011.
In her current role as Managing Director of Telkom SA, she has been responsible for wholesale and retail commercial operations, consumer products and services, and network operations. Under her leadership, Telkom delivered the communications network for the 2010 World Cup, took new converged products to market and created the platform for data hosting services.
Prior to joining Telkom, she worked for GEC and Siemens (South Africa). Ms Moholi holds a Bachelor of Science degree in Electrical and Electronic Engineering from the University of Cape Town and has attended the Strategic Executive Programme at Stanford Business School and the Strategic Marketing Management Programme at Harvard Business School.
Ms Moholi joined Telkom in 1994 as General Manager of Payphones. Since then she has held several executive leadership positions at Telkom, including Managing Executive: Network Infrastructure Provisioning, Managing Executive of International and Special Markets, and Chief Sales and Marketing Officer.
She left Telkom in 2005 and joined Nedbank, where she served as Group Executive of Strategy, Marketing and Corporate Affairs.
Ms Moholi returned to Telkom in 2009 as Managing Director of the Telkom SA business unit.
Ms Moholi said she was looking forward to leading the Telkom Group at a time when the ICT sector faced a range of challenges and competitive impacts. At the same time, several new commercial opportunities are being created in this dynamic sector, and Telkom is pivotal to many of these developments.
"Although we are experiencing unprecedented competition on several levels in the ICT sector, I am confident that the Telkom Group has the skills and resources necessary to tackle and resolve these challenges, and to take us proudly into the future," said Ms Moholi, who is affectionately known as Pinky throughout the industry.
Telkom Chairman, Mr Lazarus Zim, welcomed Ms Moholi to the top leadership position in the Telkom Group.
"In Ms Moholi we have the depth of experience, visionary leadership, strategic expertise and knowledge of technology needed to steer Telkom into the future.
"We thank Mr Hedberg for acting in the position of Group CEO for the past six months, and for staying on in an advisory capacity until June. This will create a smooth and seamless leadership transition at this critical phase of the Group's financial reporting cycle. It will also ensure continuity of the momentum for change and the initiatives which Telkom has begun to implement towards achieving greater efficiency and long-term sustainability."
Mr Zim added that the appointment of Ms Moholi meant the Group was now on a firm footing to fulfil its mandate to all its stakeholders and shareholders.
The contract of the current Acting GCEO, Jeffrey Hedberg, expires at the end of March. Mr Hedberg said his tenure as Acting GCEO at Telkom had been challenging but fulfilling.
"I am confident that Telkom has set a course for improved efficiency and growth, and I am proud to have made a contribution to the Group's future," said Hedberg.
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Telkom is a leading communications services provider in South Africa and on the African continent. We had consolidated normalised operating revenue from continuing operations of R37.0 billion and normalised profit for the year from continuing operations of R2.3 billion for the year ended 31 March 2010. Total assets from continuing operations amounted to R56.8 billion and equity attributable to the owners of Telkom to R29.9 billion as of 31 March 2010. The group generated normalised free cash flow of R5.5 billion for the year ended 31 March 2010.
We had consolidated normalised operating revenue from continuing operations of R17.6 billion and normalised profit for the year from continuing operations of R1.4 billion for the six months ended 30 September 2010. Total assets amounted to R53.0 billion and equity attributable to the owners of Telkom to R29.3 billion as of 30 September 2010. The group generated normalised free cash flow of R623 million for the six months ended 30 September 2010.
As of 30 September 2010, we had approximately 4.2 million telephone access lines in service and 99.9% of our telephone access lines were connected to digital exchanges. We offer business, residential and payphone customers a wide range of services and products, including:
- fixed-line voice services,including subscriptions and connections services, local, long distance, fixed-to-other operators and international voice services, interconnection services which includes hubbing communications services and international voice over internet protocol services, subscription based value-added voice services and customer premises equipment rental and sales;
- data and internet services,including domestic and international data transmission services, such as point to point leased lines, ADSL services, managed packet-based services and W-CDMA data services, managed data networking services and internet access and related information technology services;
- fixed, mobile, data and international communications services in Nigeria through our Multi-Links subsidiary; and
- other servicesincluding directory services, through Trudon (Proprietary) Limited, wireless data services, through Swiftnet (Proprietary) Limited, internet services outside South Africa, through Africa Online Limited and MWEB Africa Limited and provision of management services to ICT (Information Communication and Technology) through Telkom Management Services.
Following the launch of our mobile service branded 8ta on 18 October 2010, our focus into the future will be on offering fully converged products that marry mobile voice and data services with the quality and resilience of the fixed-line to both the enterprise and residential markets.