Vodacom CEO Shameel Joosub is to join Vodafone executive committee.
British mobile phone giant Vodafone is a majority shareholder of Vodacom, South Africa’s biggest mobile phone operator.
Vodafone will simplify its management structure with the removal of the rest of world regional organisation, from the beginning of full-year 20/21, Vodacom spokesperson told TechFinancials in an email.
Vodacom was responding to TechFinancials query that Joosub will be joining Vodafone as its head of Africa operations. For more read: Vodacom CEO Shameel Joosub ‘Quits’ to Head Vodafone Africa
“Following this reorganisation, Shameel Joosub, the Chief Executive of Vodacom Group, will be joining Vodafone’s Executive Committee, effective 1 April 2020,” said Vodacom’s spokesperson.
“Shameel’s appointment will streamline the management of Vodafone’s businesses and reflects the significance of Vodacom within the Group.”
Shameel remains CEO of the Vodacom Group, added the spokesperson.
Earlier today, TechFinancials stated that Joosub will be taking over a new role of Vodafone Africa CEO citing sources.
When asked about rumours that Vuyani Jarana is being pursued by Vodacom and Vodafone to replace Joosub, the Vodacom spokesperson said: “We do not comment on speculation.”
TechFinancials has also learned that Vodacom is still pursuing ex-CEO of the national carrier Vuyani Jarana to rejoin the operator to replace Joosub.
Jarana was seen at Vodacom two weeks ago.
“Joosub and Vodafone prefer Jarana as a perfect CEO to take Vodacom forward and compete for its share of the African telecoms market,” another source said, adding that “it looks like Jarana refused the offer”.
But Vodafone is still trying to convince him to come back.