The telecommunication group’s current chief executive, Sipho Maseko, will step down at the end of June 2022
Telkom said on Wednesday that Taukobong — who is currently the chief executive of the company’s consumer business and a group executive committee member — had been appointed as the group’s chief executive designate. The appointment will come into effect from October. He will assume the role of the group chief executive from 1 July 2022., where he served as chief operating officer and later as the chief executive of the mobile operator’s Ghana business.
In line with the board’s leadership transition plan, Telkom said on Wednesday, Maseko and Taukobong will work together for the remainder of the former’s tenure “to ensure orderly transition of the group chief executive designate and the stability of the business”. Earlier on Wednesday, Telkom released its first-quarter trading update, which showed that group revenue was up 3.5% year on year to R10.6-billion.
In a statement, Maseko said that despite the South African economy gradually opening after the first waves of the, “customers remain under severe financial pressure due to loss of jobs, reduced income and liquidation of small businesses”.
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