Telkom has appointed Deon Fredericks as chief financial officer (CFO) with immediate effect.
Fredericks has held senior positions at Telkom since 1993 including the position of deputy CFO since in 2011. He has been in the acting capacity as CFO since the suspension of former CFO Jacques Schindehütte in October last year.
Telkom Group CEO Sipho Maseko comments: “It gives me great pleasure to announce the appointment of Deon who I believe has proven his expert ability for this important role.
“He has been at the helm for the past ten months playing an instrumental role in Telkom’s transformation journey and has been integral to restoring the financial health of the Company. Deon’s prudent and considered approach makes him the ideal candidate for the position and a sound addition to our executive leadership team.
“There is still much to be achieved and I believe that Deon is paramount to guiding the financial direction required for us to move forward in our turnaround objectives successfully.”
Fredericks is a chartered accountant and holds a BCOM Hons in Business Management. He has held various directorships including Vodacom, Trudon and the Telkom Retirement Fund. Mr Fredericks is a member of the South African Institute of Chartered Accountants and the Chartered Institute of Management of Accountants in the UK.
“Telkom’s transformation journey is well underway and I look forward to ramping up efforts to establish the financial stability and sustainability of the Company,” says Fredericks.
