Telecommunications company, Cell C has appointed South African business men, Kuben Pillay and Larry Nestadt, to the board of Cell C.
The appointments follow the recent recapitalisation of Cell C whereby Blue Label Telecoms acquired 45% and Net1 15% of the company's share capital.
"We are honoured to have two of South Africa's most astute business leaders join the Cell C board at a time when the company enters a new growth path," says Jose Dos Santos, Cell C CEO.
"The combined experience and business acumen that Kuben and Larry bring to Cell C will undoubtedly provide sound guidance and support to the business as we begin a new chapter."
Pillay, who has previously served on the boards of several public and private companies, including Primedia - first as CEO and then chairman - and chairman of the Mineworkers Investment Company, replaces Mohammed Hariri as non-executive chairman of Cell C. An attorney by trade, Pillay currently serves on the boards of Transaction Capital Limited and the Outsurance Group of Companies.
"The telecommunications industry is an exceptionally exciting environment, fast-paced and elastic. The Cell C executive team has made incredible strides operationally, despite difficult circumstances and I look forward to supporting them in the future growth of Cell C as its new chairman," says Pillay.
Nestadt, a co-founder and former director of Investec Bank will serve as non-executive deputy chairman on the board. He is the chairman of Blue Label Telecoms, Dis-Chem Pharmacies, Universal Partners , executive chairman of Global Capital Proprietary as well as chairman of the following unlisted companies: Morecorp Group, Melrose Motor Holdings, SellDirect and National Airways Corporation.
"There is little doubt that Cell C has the opportunity to generate a formidable business and having a role in that is exciting," says Nestadt.
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