Telkom has appointed long-serving executive Deon Fredericks as its new chief financial officer with immediate effect. He had been acting in the position since October 2013 following the suspension of former CFO Jacques Schindehütte, who stepped down recently.
Fredericks has been acting as CFO on several occasions and is a natural internal choice for the position. He has been deputy CFO since 2011.
Group CEO Sipho Maseko says in a statement that Fredericks has been at the finance helm for the past 10 months.
“He has played an instrumental role in Telkom’s transformation journey and has been integral to restoring the financial health of the company,” Maseko says.
“Deon’s prudent and considered approach makes him the ideal candidate for the position and a sound addition to our executive leadership team. There is still much to be achieved and I believe that Deon is paramount to guiding the financial direction required for us to move forward in our turnaround objectives successfully.”
Fredericks is a chartered accountant and holds a bachelor of commerce degree in business management with honours.
He has held various directorships including Vodacom, Trudon and the Telkom Retirement Fund. He is a member of the South African Institute of Chartered Accountants and the Chartered Institute of Management of Accountants in the UK. — © 2014 NewsCentral Media
