Vodacom Group CFO Till Streichert will leave the company in June 2020 to pursue an external opportunity outside of Vodacom.
The Vodafone-owned telco said Streichert will step down from his role on the Vodacom Group board at around the same time or at an earlier mutually agreed date.
Streichert departure follows the resignation on Monday of Vodacom’s chief technology officer, Andries Delport. For more read: Vodacom Says CTO Andries Delport Leaves the Company
Streichert was seconded to Vodacom from Vodafone in February 2014. During his tenure at Vodacom, he evolved the finance team into a successful intelligence unit focused on Big Data and Artificial Intelligence, transforming finance to become a true business partner.
He was recognised by CFO South Africa as 2017 CFO of the Year.
“Till has made a valuable contribution to the Vodacom Group Board and as a member of the Executive Committee. In addition to leading a repositioning of the finance function as a centre of excellence, Till led the IPO in Tanzania and played pivotal roles in the acquisition of a strategic stake in Safaricom and the completion of the largest ever BEE transaction in the South African Telco industry,” Vodacom Group Chief Executive Officer, Shameel Joosub, says.
“Till has extensive experience in the industry and will be a significant loss to our sector. I wish him well with his decision as he embarks on a new chapter of his career.”
Vodacom will announce a successor for the Group CFO position in due course.
Commenting on his resignation, Till Streichert, Vodacom Group Chief Financial Officer, says: “After 12 years at Vodafone and six years with Vodacom, it is a decision that wasn’t taken lightly. I have thoroughly enjoyed my time in South Africa and dealing with a number of challenging situations across the various Vodacom operations in Africa,” Streichert says.
“A personal highlight includes the many great moments from the manner in which we have transformed Vodacom from a Telco into a technology company with a strong purpose of connecting and improving people’s lives.
“As I am only leaving around June next year, my first priority is to make sure that it is business as usual for the finance function while at the same time ensuring there is a seamless transition to the next CFO.”