Jabu Moleketi is new Vodacom chairman - TechCentral

Jabu Moleketi is new Vodacom chairman

Vodacom’s head office in Midrand, Johannesburg

Vodacom Group has appointed Jabu Moleketi, a former South African deputy finance minister, as its new chairman, replacing Peter Moyo, who is leaving after the annual general meeting on 18 July to take up the role of CEO of Old Mutual Emerging Markets.

Moleketi has served as a nonexecutive director on Vodacom’s board since November 2009. He will take over the chairmanship duties on 19 July. At the same time, he will become chairman of the group’s nominations committee while stepping down from the audit, risk and compliance committee.

He was deputy finance minister in the Thabo Mbeki administration between 2004 and 2008 and served on the ANC’s national executive committee from 1997 to 2008. He is married to Geraldine Fraser-Moleketi, the former minister of public service & administration.

Vodacom said it has also appointed Safika chairman Saki Macozoma as lead independent director, also with effect from 19 July. Macozoma will be appointed to the audit and risk committee, which will also have Priscillah Mabelane and David Brown (chairman) as members.  — (c) 2017 NewsCentral Media

1 Comment

  1. Statement shld read: They both bring “a lot of eperience to the board” but they mustn’t think we pay them for nothing, we need them to lobby their friends and comrades in parliament to ensure that regulations continue to favour us and these over the tops must fall.