South African telecom giant Telkom, in a statement today announce that its Group CEO Reuben September has vacated his position and that Jeffrey Hedberg – the head of its struggling Nigerian business Multi-Links– has taken over as acting Group CEO.
The statement said, “Having regard to the uncertainty which prevails during such transition periods, Reuben September has agreed with the Telkom Board to step down as GCEO and resign as a director from 7 July 2010. He will assume a consulting role until 1 November 2010.”
According to Telkom appointed Hedberg to maintain stability until a new GCEO is found. “In the interim, Jeffrey Hedberg has been appointed as Acting GCEO,” Telkom said. “The Telkom Board believes that these arrangements provide leadership, continuity and stability at an important time given a number of key strategic and operational deliverables.”
According to Reuters, Hedberg is regarded in the industry as a turnaround specialist and was brought into Telkom to fix its ailing Nigerian phone unit, Multi-Links, after he helped right Cell C, South Africa’s smallest mobile phone operator.
September, who had led the company since 2007, last year sold off Telkom’s stake in mobile phone operator Vodacom, its main profit driver, and then announced a 6 billion rand plan to push Telkom into South Africa’s overcrowded mobile market.
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