Cell C CEO Reichelt walks out

CEO Lars P. Reichelt with Cell C brand ambassador Trevor Noah

South African mobile operator Cell C has announced that current CEO Lars P. Reichelt will be leaving the company with immediate effect.

Reichelt made the announcement to the board, and cited personal reasons for his departure. After deliberations on the future of Cell C, the board agreed to accept his resignation.

In lieu of Reichelt’s resignation, the board appointed Simon Duffy, Chairman of the company, to serve as acting CEO until a successor is appointed.

“During his two and a half year tenure at the helm of the company, Lars has led the much needed transformation and has strategically positioned Cell C for future growth,” Cell C said in a statement.

Duffy also thanked Reichelt for his time at the service provider.

“The directors and I wish to thank Lars for his contribution to the restructuring of the company and for his strategic input and leadership in moving Cell C to the forefront of the mobile broadband market. We wish him success for the future and will be looking to the new CEO to drive and implement the company’s strategy in the next phase of its development.”

Charlie Fripp – Consumer Tech editor