Cell C board and Blue Label Telecoms have appointed former Primedia CEO Kuben Pillay as the new chairperson while Larry Nestadt becomes his deputy.
The appointments follow the recent recapitalisation of Cell C, in which Blue Label Telecoms and Net1 respectively acquired 45% and 15% of the company’s share capital.
“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,” said Cell C CEO Jose Dos Santos.
Kuben Pillay served on the boards of several public and private companies, including Primedia – first as CEO and then as chairperson – and chairperson of the Mineworkers Investment Company.
He replaces Mohammed Hariri as non-executive chairperson of Cell C.
An attorney by trade, Kuben Pillay also currently serves on the boards of Transaction Capital Limited and the Outsurance Group of Companies.
While responding, Pillay expressed optimism he takes the new role on the board of the company. “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,” said Kuben Pillay.
Nestadt, a co-founder and former director of Investec Bank Limited, will serve as non-executive deputy chairperson on the Cell C board.
Aside from his role as Blue Label Telecoms chair, Nestadt is also chairperson of Dis-Chem Pharmacies and Universal Partners, executive chairperson of Global Capital as well as chairperson of several unlisted companies.
“There is little doubt that Cell C has the opportunity to generate a formidable business and having a role in that is exciting. 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,” Nestadt said.