Reuben September retiring

http://www.timeslive.co.za/business/article487013.ece/Telkoms-September-retires-November

Telkom's September retires November
Jun 4, 2010 8:14 AM | By Reuters
Reuben September, the chief executive officer of Telkom who has been criticised for poor strategic leadership, will retire in November after only three years at the helm.

Telkom, Africa’s biggest fixed-line phone operator, said on Friday a successor to September will be announced in due course.

September, who has been with company for more than three decades, has provided the strategic leadership that led to the sale of Telkom’s 50% stake in Vodacom and launched the company’s mobile phone business this year.

Telkom has seen profits from its mainstay business declining after selling the Vodacom stake, its main earnings driver.

Analyst’s have labeled the company’s 6 billion rand plan to enter the saturated mobile phone market — dominated by MTN, Vodacom and Cell C — suicidal.
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Whooo Hooo! Now this is good news.

Maybe he can get a job sharpening pencils or something?
 
moggie said:
Retiring???? Nope, his contract was not extended.
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They probably asked him what he was doing and that's what he said. He doesn't want to admit that he was given the boot! :D

Either way... he is outta there. Now maybe we can see some visionary leadership!
 
September is retiring in November, or in July ?
Because us being happy about him stepping down needs to have effects RIGHT now.. but if its only in Nov.. still a while off boys
 
VJB 449 said:
Not while government is the majority shareholder.
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September was appointed by Mbeki... he has no ties with the new dispensation.
If the government is going to interfere it will be with somebody new.
 
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