Vodacom MD Sipho Maseko resigns

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Vodacom’s group CEO and MD Sipho Maseko has resigned from his positions with the cellular provider in order to “pursue other interests”, according to Vodacom.

His departure comes nine months after he accepted the post of MD and a bare two months after Maseko was promoted to group CEO, overseeing Vodacom SA’s operations.

Mr. Maseko would not comment on the reasons for his leaving the company, saying only that there were things he needed to do outside of Vodacom. Inquiries were referred to Maya Makanjee, Vodacom’s chief officer of corporate affairs, who denied speculation that Maseko’s dual roles within the company had led to conflict.

“In fact Sipho was fully involved in the restructuring and the overall strategy of the company. We tried to convince him to stay but he made a personal decision to pursue other endeavours.”

Source: Business Day

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