Sello Moloko to take over the chairmanship of a stable partially state-owned telecommunications firm Telkom.
Moloko will replace Jabu Mabuza, who will be stepping down as an independent non-executive director and the chairman of Telkom.
Mabuza will step down as chairman of Telkom from 31 May 2019.
“The board would like to thank Jabu Mabuza for his valuable contribution to the Company and for the critical role he played as the chairman of the board since 14 November 2012,” Telkom informed investors on Thursday.
“The Board wishes him well in his retirement.
Moloko, currently an independent non-executive director of the Telkom board, will be elected as the new chairman of the Telkom board with effect from 1 June 2019.
The company said he has a wealth of business experience gained over more than twenty-five years, with an established career in financial services.
He holds positions as independent non-executive chairman of Sibanye-Stillwater Limited, and is the former non-executive chairman of Alexander Forbes Groups Holdings Limited.
He also serves on the boards of Prudential Investment Managers, DG Capital and Stor-Age REIT Limited.
Moloko is the executive chairman and co-founder of Thesele Group, a wholly black owned diversified investment holding company. He holds a BSc Honours degree, and a Postgraduate Certificate in Education from the University of Leicester and the AMP from the Wharton School.
Telkom also announced the appointment of Dr Sibusiso Sibisi to the Telkom board effective on 1 April 2019.
Dr Sibisi has a BSc (Physics) from Imperial College of Science and Technology and a PhD from Cambridge University. His appointment brings extensive expertise in ICT, start-up ventures, and business-to- business intelligence skills.