Telkom has made changes to its management structure following the sale by its former strategic equity investor, Thintana Communications LLC ("Thintana") of its remaining shares in Telkom and the cancellation of the strategic services agreement between Telkom and Thintana. The Chief Executive Officer, Sizwe Nxasana, will have a greater operational role and as a result the number of executives reporting directly to him will be reduced from fourteen to ten. Changes to the management reporting structure include:
The executive committee established by the board in June 2004 will now comprise:
Sizwe Nxasana - Chief Executive Officer
Kaushik Patel - Chief Financial Officer
Nombulelo Moholi - Chief Sales and Marketing Officer
Reuben September - Chief Technical Officer
Oupa Magushula - Group Executive: Human Resources
Mandla Ncgobo - Group Executive: Legal Services
Belinda Williams - Group Executive: Corporate Affairs
All positions previously held by Thintana secondees have been filled in terms of Telkom's ongoing succession plan.
The top management structure comprises 27 positions, of which 80% are black and 28% are female. The new management structure and abridged curriculum vitae are available on the Telkom Investor Relations website on www.telkom.co.za/ir
Johannesburg
09 December 2004