TELKOM SA SOC LTD Telkom SA SOC Limited advised that Mr. Sello Moloko has informed the Board of Directors of his intention to step down as an independent Non-Executive Director and Chairperson of the Board due to workload reasons. The Board has commenced the process to identify a suitable replacement. The date of Mr. Moloko's departure will be no later than 31 March 2023 to ensure an effective transition.
Once the Board has agreed the date of Mr. Moloko's resignation, a further announcement will be published. Mr. Moloko was appointed as an independent Non-Executive Director of the Board on 20 March 2018 and became Chairperson of the Board in June 2019. He served as a Member of the Remuneration Committee and Chairperson of the Nominations Committee.
These Board committees will remain duly constituted following Mr. Moloko's resignation.
