Kuben Pillay & Larry Nestadt join Cell C board
Mobile operator Cell C has appointed two new board members: Larry Nestadt (pictured) and Kuben Pillay. Nestadt, a co-founder and former director of Investec Bank, will serve as non-executive deputy chairman, while Pillay will replace Mohammed Hariri as non-executive chairman.
Nestadt is the chairman of Blue Label Telecoms, Dis-Chem Pharmacies and Universal Partners, and executive chairman of Global Capital Proprietary. He is also chairman of several unlisted companies.
Pillay (pictured left), an attorney by trade, currently serves on the boards of Transaction Capital and the Outsurance Group of Companies. He previously served on the boards of several public and private companies, including Primedia - first as CEO and then chairman - and chairman of the Mineworkers Investment Company (MIC).
Nestadt and Pillay's appointments come in the wake of the recent recapitalisation of Cell C, which saw Blue Label Telecoms and Net1 acquire 45 percent and 15 percet respectively of the company's share capital.