Telkom has appointed company veteran Pinky Moholi as its new chief executive as the nation’s biggest fixed-line phone operator struggles to craft a convincing turnaround strategy.
Telkom, which is still without a chief financial officer, said Moholi would begin work from the beginning of April.
Moholi, the current managing director of Telkom’s domestic unit, has spent a total of 12 years at the company, whose biggest shareholder is the South African government.
She would take over from acting CEO Jeffrey Hedberg, whose contract expires at the end of this month. But Telkom has asked him to stay on as an adviser until the release of its full-year results in June.
Telkom, Africa’s largest fixed-line operator, has been hurt by a money-losing Nigerian business and the decline of traditional telephony at home. — Reuters