Pinky Moholi the new Telkom CEO

Telkom announced this morning that Pinky Moholi will become the new Telkom Group CEO when acting CEO Jeffrey Hedberg departs at the end of the month.

Hedberg took over from former Telkom CEO Reuben September in June 2010, but in January Telkom announced that Hedberg has decided not to renew his contract at the end of March.

The Board of Directors have requested Mr Hedberg to remain at Telkom in an advisory capacity until the release of the Group’s annual results in June.

Many prominent industry players have been linked to the Telkom CEO position, but Moholi was widely seen as a frontrunner in the race because of her extensive experience at Telkom.

Moholi first joined Telkom in 1994 as General Manager of Payphones and left Telkom in 2005, having served as the Chief Sales and Marketing Officer since 2002.

She spent eleven years at Telkom SA during which she was promoted to several senior positions, including Group Executive: Regulatory Affairs, Managing Executive: International and Wholesale Business, and Chief Sales and Marketing Officer and a member of the Telkom Executive Committee (Exco).

After a stint at the Nedbank Group as Group Executive of Strategy, Marketing and Corporate Affairs, she re-joined Telkom in May 2009 as Managing Director of Telkom SA.

Moholi holds a Bachelor of Science degree in Electrical and Electronic Engineering from the University of Cape Town, and before joining Telkom in 1994 worked for GEC and Siemens (South Africa).

The appointment of Moholi as Telkom Group CEO comes a month after the announcement that  Lazarus Zim replaced Jeff Molobela as Telkom’s Chairman.

Zim welcomed Moholi to the top leadership position in the Telkom Group. “In Ms Moholi we have the depth of experience, visionary leadership, strategic expertise and knowledge of technology needed to steer Telkom into the future”.

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Pinky Moholi the new Telkom CEO