According to Mthobi Tyamzashe, group executive corporate affairs of Vodacom Group (Pty) Ltd: Vodacom and Vee Networks (previously EWN) today mutually agreed to terminate their current management agreement on an amicable basis.
To ensure a smooth transition, Vodacom will continue to provide technical support to Vee Networks for a period of up to six months. Vodacom would also continue to take an interest in the success of Vee Networks.
Willem Swart has decided to resign from his position at Vodacom in order to pursue a career as the Chief Executive Officer of Vee Networks.
Following this decision, Vodacom has realigned its top management structure. The employment contract of its Deputy CEO, Andrew Mthembu was terminated.
Vodacom Group Strategy Director, Robert Pasley has resigned from Vodacom Group (Pty) Ltd effective 31 May 2004.
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