Telkom head has right CV
Arnold has served as a nonexecutive director and chairwoman of the empowerment committee of Peermont Global since July 2004 and has been a nonexecutive director of NAI Finlay since 2003.
She is a member of the Chairpersons Forum, Gordon Institute of Business, and also of the Independent Directors Initiative and the Institute of Directors in Southern Africa.
In 1982 she moved to the US, where she acted as a consultant to a number of institutions and companies, including the Rockefeller Foundation and Unisys.
Arnold returned to SA in 1994, where she set up Mmela Consultancy & Advisory Services, a black economic empowerment company.
She was a nonexecutive director of Ernst & Young Southern Africa from 2002 to 2004 and acting chairwoman from 2004 to this year.
Mtshotshisa’s departure, which came two years before the end of her tenure, has raised eyebrows in the industry. Her resignation was announced while she was in London for talks with Vodafone, which with Telkom jointly owns Vodacom, SA’s largest cellphone group.
Speculation was rife on Friday that Mtshotshisa resigned in a bid to place herself strategically to acquire a stake in Vodacom when the mobile phone operator restructures to bring empowerment players on board.
Telkom said Mtshotshisa had left to pursue “other business interests”. She could not be reached for comment.
Mtshotshisa was believed to have played a role in the departure of Telkom three executive managers last year.
Industry sources said the trio: former human resources Oupa Magashula; former sales and marketing GM Nombulelo Moholi and ex-investor relations head Belinda Williams, were allegedly unhappy about their new roles after the reshuffling of the company’s executive structure after the departure of former CEO Sizwe Nxasana.
In terms of the new structure the trio were no longer going to report directly to the CEO but the chief operations officer, a move that they perceived as a demotion.
Details of their departure remain sketchy to date.
Telkom said the departure was “amicable”.
Inet-Bridge
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