Douglas Craigie Stevenson has resigned as CEO of Cell C, efficient 31 March 2023.
Blue Label Telecoms, a serious publicly-traded stakeholder in Cell C, knowledgeable shareholders of Craigie Stevenson’s resignation by way of the JSE information service.
“Douglas has elected to resign for private causes and to pursue different alternatives in step with his private profession objectives,” Blue Label acknowledged.
“We thank Douglas for his valued contribution and for efficiently helping in navigating Cell C via the recapitalisation course of,” stated Cell C board chairman Joe Mthimunye.
“By means of the implementation of Cell C’s new technique, he has directed the corporate, along side his administration staff, to improved monetary stability, enhanced operational efficiency and established a path to sustainability.”
Brett Copans has been appointed interim CEO and is appointed to the board with rapid impact.
Brett joined Cell C in April 2022 and was primarily chargeable for making certain the profitable conclusion of the recapitalisation transaction.
He was subsequently appointed as Chief Restructuring Officer.
Earlier than becoming a member of Cell C, Copans spent 18 years at Investec Financial institution after which based Pentrich Monetary Companies, a specialist monetary companies enterprise offering capital elevating, advisory and administration companies to firms.
Cell C’s board stated it might start a course of to nominate a everlasting CEO.
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