Telkom Group CEO Sipho Maseko will step down as CEO and executive director of the company and its subsidiaries, effective June 30, 2022.
Maseko joined Telkom on April 1, 2013, and, during his eight-year tenure, evolved the business from a traditional fixed business to a portfolio of businesses comprising mobile, information technology, wholesale infrastructure business and masts and towers.
“Under his leadership, the group has had many remarkable strategic achievements in its execution of its broadband-led strategy which are reflected in the group’s current healthy position,” the board said in a statement on July 23.
The mobile business grew to become the third largest mobile business in South Africa with more than 15-million customers generating R20-billion in revenue, while the fibre footprint was expanded and the fixed-customer base was migrated to new technologies.
The process to appoint a successor is well underway and a designate group CEO will be announced in due course.
Maseko will ensure the incoming designate’s orderly transition into the role.