MultiChoice has announced that Nolo Letele will retire as a non-executive director of the board of directors and the social and ethics committee with effect from 1 December 2021.
“The Board expresses its deepest gratitude to Nolo for his significant and invaluable contributions to the Group over many years and wishes him well in his retirement,” the company said in a statement on JSE SENS.
Nolo is a Chartered Engineer from the University of Southampton and received several awards during his tenure as MultiChoice South Africa group chief executive, and subsequently as executive chair for MultiChoice South Africa.
These included the Lifetime Africa Achievement Prize for Media Development in Africa, the Naspers Phil Weber Award, and the Black Business Executive Circle Chairman’s Award.
Letele joined M-Net in 1990 and spearheaded MultiChoice’s expansion outside South Africa. In 1995 he moved to Ghana, where he served as West African regional general manager.
In 1999 he was appointed chief executive of MultiChoice South Africa. Later, he served as MultiChoice group chief executive until 2010, when he was appointed executive chair of the MultiChoice South Africa Holdings board.
He was a non-executive director of MultiChoice Group Limited after the company was spun out of Naspers and
listed separately on the JSE.