Naspers has announced the appointment of Tim Jacobs as CFO of the new MultiChoice Group.
Shortly after Tim Jacobs’ resignation as Altron’s acting chief financial officer was announced, Naspers released its announcement of the board members of MultiChoice Group, with Tim as CFO.
Naspers unbundled the MultiChoice Group in September and intends to list it separately on the JSE within the first half of 2019. The new company will include MultiChoice South Africa, MultiChoice Africa, Showmax Africa and Irdeto.
Tim’s new appointment will be effective from 1 November along with chief executive officer Calvo Mawela; chief operating officer, Brand de Villiers; and executive chairman, Imtiaz Patel’s appointments.
Altron’s board responded to Tim’s resignation by thanking him for his contribution to the company and wishing him well in his future endeavours.
Altron’s current chief operating officer Andrew Holdin will be replacing Tim as acting CFO, while still retaining his COO role until a permanent CFO is appointed.