Following its recent recapitalisation, Cell C has appointed Kuben Pillay as its new chairman and Larry Nestadt as deputy chairman.
“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 (MIC), replaces Mohammed Hariri as non-executive chairman of Cell C. An attorney by trade, Pillay currently serves on the boards of Transaction Capital and the Outsurance group of companies.
“The telecommunications industry is an exceptionally exciting environment, fast-paced and elastic,” Pillay says. “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.”
Nestadt, a co-founder and former director of Investec Bank Limited will serve as non-executive deputy chairman on the board of Cell C. He is the chairman of Blue Label Telecoms, Dis-Chem Pharmacies, Universal Partners, executive chairman of Global Capital, as well as chairman of unlisted companies Morecorp Group, Melrose Motor Holdings, SellDirect and National Airways.
“There is little doubt that Cell C has the opportunity to generate a formidable business and having a role in that is exciting,” Nestadt says. “I know I speak on behalf of the board when I say that we are all ready to put our best efforts into ensuring that Cell C meets its potential.”