Peter Nelson will take over the position of chief financial officer (CFO) at Telkom from early December.
The position has been in the air since October last year, when then CFO Kaushik Patel resigned. Deon Fredericks has served as acting CFO since that time.
A Telkom statement says Nelson joins the company at a time of "considerable change" for the national operator.
Telkom recently concluded a deal with Vodafone that gave the international mobile operator a 65% stake in Vodacom.
Yesterday, Telkom acquired 100% of MWeb Africa and 75% of MWeb Namibia from MultiChoice Africa and MIH Holdings, for R610 million.
Telkom states Nelson`s key challenges will include managing the corporation`s finances in the convergence space, guiding its expansion programme and also understanding the nuances around critical investment cycles.
"I am delighted that Peter has accepted our invitation to join Telkom, where he will help the senior leadership team and I, to consolidate our position as the leading South African and African telecommunications company," says Telkom group chief executive Reuben September.
Nelson has 30 years of experience as a finance executive and has worked at various international and local companies, such as Ernst & Young, Barloworld, BMW, Pretoria Portland Cement and Netcare.
"With his wealth of experience and strong leadership skills, we are confident Peter will make a significant contribution to Telkom, and I have great pleasure in welcoming him to the corporation," adds September.
Related story:
Telkom adds to board
Share