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Telkom SA SOC Limited Announces Suspension Of Chief Financial Officer

Thursday, 24 Oct 2013 05:05am EDT 

Telkom SA SOC Limited announced that Mr. Jacques Schindehütte, the Chief Financial Officer (CFO) of Telkom has been suspended by the Board of Directors of Telkom (the Board) effective October 24 , 2013, pending a disciplinary process. The suspension follows the findings of an investigation commissioned by the Board after certain allegations were made against Mr. Schindehütte. The Board has a duty to investigate and to test the validity of allegations which are brought to its attention through an appropriate process, and will do this fairly, without favour or prejudice. Mr Deon Fredericks will be acting as CFO of Telkom effective October 24, 2013 and will fulfil this role until such time as the disciplinary process against Mr. Schindehütte is concluded. 

Company Quote

20 Nov 2014