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Govt stalls Telkom CEO appointment

Telkom`s board is required to receive approval from government for a CEO appointment, says company secretary Sandi Linford.

This requirement adds to the time required to make the appointment, she explains.

Telkom has been without a permanent CEO since Papi Molotsane abruptly left in April. COO Ruben September has held the position in an acting capacity since Molotsane`s departure.

This morning, chairman Shirley Lue Arnold told shareholders at the company`s annual general meeting that the board was approaching the matter with governance and full consideration in mind.

"We have to make sure the person who is appointed is the right person to lead the company. This process must be embarked on within the proper procedures. As a listed company, Telkom`s board also has certain requirements that need to be followed," she said.

After the meeting, Linford added that the board was also required to consult with government as it is "its Class A shareholder".

"This is a time-consuming process. We need to get into government`s appointment schedules and we need to consult with Cabinet."

However, September says holding the top position in an acting capacity has not hampered his ability to do what is necessary.

"The board has given me their full support. I have a highly-empowered mandate, which means that I can do what needs to be done."

The State IT Agency had similarly been under the leadership of an acting CEO since May, until Llewellyn Jones was appointed to the position earlier this month.

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