Douglas will be replaced by Brett Copans, who will serve as interim CEO from March.
Cell C’s Douglas Craigie Stevenson will step down as CEO at the end of March. According to a statement by the company, Douglas will be pursuing other opportunities in line with his personal career goals.
Brett Copans has been appointed as the company’s interim CEO. He joined Cell C in April 2022, and was primarily responsible for ensuring the successful conclusion of the recapitalisation transaction.
Read more: Cell C reaches important stage in recapitalisation plan, says CFO Zaf Mahomed
Brett was subsequently appointed to his most recent role as chief restructuring officer.
Cell C chairman Joe Mthimunye thanked Douglas for his valued contribution and for successfully assisting in navigating Cell C through the recapitalisation process. “Through the implementation of Cell C’s new strategy, he has directed the company, in conjunction with his management team, to improved financial stability, enhanced operational performance and established a path to sustainability. We wish Douglas well in his future endeavors.”
