Cell C has appointed Jorge Mendes as its CEO, replacing Douglas Craige Stevenson, who stepped down in March.
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Cell C CEO Douglas Craigie Stevenson will step down from the mobile operator at the end of March.
Months after securing a deal to recapitalise its balance sheet, Cell C has announced it has hired a chief restructuring officer.
Cell C said it is “transforming” its core business support system as it pivots to being what it calls a “digital lifestyle company”.
The Cell C CEO is leading one of the most complex and difficult business turnarounds in South African corporate history. He shares the story with TechCentral.
The highly anticipated publication of Cell C’s latest financial results has been postponed to due the ill health of the company’s CEO.
Cell C on Wednesday said its chief financial officer, Zaf Mahomed, is stepping down to pursue “new business opportunities”.
Lenders to the troubled mobile operator have approved a “compromise offer” that will place the company into a more sustainable debt position.
A critical meeting to decide the future of Cell C was not able to proceed to a vote on a planned recapitalisation this week.
The long-delayed recapitalisation of debt-laden mobile operator Cell C is inching forward, with secured lenders set to vote on a “compromise offer” next month.