Cell C announces CEO Jose Dos Santos’s departure ahead of results
Dos Santos will step down as CEO the day after parent company Blue Label Telecoms reports its interim results
Cell C CEO Jose Dos Santos will step down on March 1, its 45%-owner Blue Label Telecoms said in a statement on Friday.
Blue Label Telecoms is scheduled to release its interim results on February 28, and Cell C usually releases its results a few days before its parent company.
An interim CEO for Cell C will be announced shortly, Friday's statement said.
“The board of Blue Label would like to thank Jose for his tireless work over the past six years leading Cell C through the recapitalisation of the business and design of its new strategic direction,” Blue Label said.
Dos Santos will take on a new role as consultant to Cell C chair Kuben Pillay.
Blue Label's share price rose as much as 5.5% to R5.54 on Friday.