Telkom CEO to move on in March

2011-01-14 11:23

Telkom CEO Jeffrey Hedberg would not renew his contract at the end of March, a company spokesman said today.

“I confirm that Mr Jeffrey Hedberg has decided not to renew his contract at the end of March this year,” said Pynee Chetty.

“However, he remains committed to the Telkom team and all of the company’s stakeholders until the end of his term.”

Hedberg was appointed Telkom’s acting group CEO in July last year. He took over from Reuben September, who in terms of his contract was supposed to leave in November 2010, but left abruptly at the beginning of July 2010.

Hedberg was initially employed as CEO of Telkom’s Nigerian subsidiary, Multi-Links.

Boston-born Hedberg said within two weeks of his appointment as acting CEO that he saw “a great company” in Telkom.

Hedberg was credited with turning around mobile phone company Cell C during his tenure there as CEO.

Hedberg was also chairman of Virgin Mobile South Africa.

Communications Minister Roy Padayachie, who was in Midrand to announce the digital television standard South Africa will adopt, declined to comment on Hedberg’s departure.

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