New Telkom directors
Yesterday Telkom announced the appointment of David Barber, the former global chief financial officer of AngloCoal and CFO of Anglo American SA, as an independent non-executive director and member of its audit and risk management committee with immediate effect. This follows the announcement that Telkom had appointed Peter Joubert, the former chairman of Impala Platinum and Afrox, as a non executive director and member of the audit and risk management committee with effect from 12 August 2008.
Barber (56) has extensive experience heading up the finance functions of both South African and multinational organisations. He recently retired as the global CFO of AngloCoal, a division of Anglo American plc. Prior to this he was CFO of Anglo American in SA. Barber is currently a member of the audit committee of Murray & Roberts and has served as a non-executive director and member of the audit committee for several companies including Anglo Platinum, Highveld Steel and BJM Holdings. His career has also included positions within Anglovaal, PriceWaterhouseCoopers, Fedsure and SA Breweries.
Joubert (75) has an equally impressive resume. He spent some 30 years with African Oxygen (Afrox), where his career spanned various positions including 20 years as CEO and chairman. He was seconded to British Oxygen as an executive director and has been on the boards of numerous leading companies, often as chairman. He is currently the chairman of BDFM Publishers and Sandvik Pty Ltd and a non executive director of Transnet, SA Airways and SA Brain Research Institute.
The appointments come after the recent special general meeting, where Telkom shareholders overwhelmingly approved resolutions to amend the articles of association, thus empowering the company to fill vacancies without having to wait for the next annual general meeting. These amendments, which also paved the way for the appointment of Telkom’s CFO (to be appointed) to the board of directors, are in line with JSE listing requirements and good corporate governance practices. They have resulted in the maximum number of Telkom board members increasing from 11 to 12.
Other board members are executive director Reuben September (CEO); independent directors Braham du Plessis and Sisubiso Luthuli; B-class shareholder representative Brian Molefe; and A-class shareholder representatives Ekwow Spio-Garbrah (international), Dr Victor Lawrence (international), Reitumetse Jackie Huntley and Keitumetse Matthews.
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