Telkom’s largest shareholder, government, voted against the appointment of a large number of directors to the company’s board at its AGM on Wednesday.
Browsing: Louis von Zeuner
Sipho Maseko, who announced last week that he will step down as Telkom CEO next year, saved the company from impending ruin. That might sound like an overstatement; it’s not. By Duncan McLeod.
Telkom has made several new appointments to various board committees following the announcement of the retirement of directors Santie Botha and Khanyisile Kweyama.
Telkom’s share price jumped more than 4% in intraday trading after it announced the appointment of five independent nonexecutive directors to fill posts vacant since October. The share closed up by 3,5%, a rare strong move for a company whose share price has tumbled by almost 45% over the past year
Former Absa deputy CEO Louis von Zeuner — known to his colleagues in the banking industry as “King Louis” — has been named as one of five new business leaders who have joined the board of the partially state-owned telecommunications operator Telkom. Von Zeuner, who is highly respected in the