Vodacom Group Chairman, Peter Moyo will retire and step down from the Board at the forthcoming annual general meeting to be held on 18 July 2017.
The Board of Vodacom is pleased to announce the appointment of Jabu Moleketi, current independent non-executive director, to the role of Chairman of the company with effect from 19 July 2017.
Moleketi was first appointed to the Board of Vodacom in November 2009.
He will also take over as chairman of the Nomination Committee and step down from the Audit, Risk and Compliance Committee.
The Board is further pleased to announce the appointment of Sakumzi Saki Macozoma as lead independent director of the company also with effect from Wednesday 19 July 2017.
Macozoma has a BA (Hons) from the University of South Africa (Unisa) and is a prominent businessman in South Africa.
He is the chairman of Safika Holdings and Tshipi é Ntle and Ntsimbintle Mining and a director at Volkswagen South Africa.
Macozoma was a former Chairman of Liberty Life Holdings and chairman of Standard Bank. He was also a former president of Business Leadership South Africa. In 2012 he was recoginised for his work in civil society where Unisa bestowed on him the Calabash award for his fight against oppression during the apartheid regime.
The Calabash award is one of the highest honours that could be bestowed on an individual by Unisa.
Macozoma will also be appointed to the Audit Risk and Compliance Committee which would then be reconstituted as follows:
DH Brown (Chairman)