Telkom CEO Sipho Maseko to step down
Sipho will step down from the role in June 2022, after eight years of service with Telkom.
Telkom has announced that its CEO, Sipho Maseko, will step down in June 2022.
Sipho was appointed as the CEO in 2013 and, during his eight-year tenure, he turned the business around and evolved it from a traditional fixed business to a portfolio of businesses, which comprises the mobile, IT, wholesale infrastructure business and the masts and tower portfolio.
Telkom’s mobile business is now the third largest mobile business in South Africa with more than 15 million customers, generating R20 billion revenue.
In addition, he oversaw Telkom’s fibre expansion. “To date, the number of homes connected with fibre exceeds the number of homes connected with copper,” Telkom said in a statement.
The company says a new CEO will be announced “in the not too distant future”. Sipho will remain in his position to ensure an orderly transition.