South African mobile operator Vodacom announced today that CEO Pieter Uys would be stepping down from his position, which he has occupied since 2008. Prior to his appointment as CEO, he served as Vodacom’s chief operating officer from April 2004.
Uys will remain in the position of CEO until March 2013, after which Shameel Joosub will take over.
In 2010 Vodacom announced that Joosub would be leaving the company in his capacity as executive director of Vodacom Group and managing director of Vodacom South Africa to head up Vodafone Spain.
“The Vodacom Group Board today announced the appointment of Shameel Joosub as Vodacom Group Chief Executive, succeeding Pieter Uys who has decided to step down at the end of March 2013 after almost 20 years with Vodacom, including four years as Chief Executive,” Vodacom said in a press statement.
The news of Uys’ resignation comes hot on the heels of the resignation of Vodacom SA managing director Sipho Maseko, who decided to part ways with Vodacom in June.
In reference to Maseko’s departure, Vodacom’s head of corporate affairs, Maya Makanjee, said, “We did try and convince him to stay on. But he was determined that he had better prospects elsewhere, but he did not disclose them to us.”
It was also revealed earlier this year that Uys received a 25% pay rise in the past year, while Maseko received more than R8 million for his tenure at the company. “[Uys] was awarded incentive performance shares of R9.3 million, but these are performance-related and only excisable in June 2015,” Vodacom said in a statement at the time.
Joosub was the founder and Managing Director of Vodacom Equipment Company Limited, the handset distribution company in the Vodacom Group, served as Managing Director of Vodacom South Africa at Telkom SA, joined Vodacom in March 1994.
He holds a Bachelor of Accounting Science (Honours) from the University of South Africa and holds a Masters of Business Administration degree from the University of Southern Queensland, Australia. He is an Associated General Accountant and Commercial and Financial Accountant (South Africa).
“It’s now time for change and I will leave Vodacom confident that the business will prosper under Shameel’s leadership,” Uys said in a statement.
Charlie Fripp – Consumer Tech editor