Vodacom has started the process of searching a replacement for Shameel Joosub, who will leave Vodacom SA at the end of March.
Vodacom SA has started the process of searching for a new MD, a task it must complete within the next three months, as Shameel Joosub will take over the reins at Vodafone Spain at the beginning of April.
Vodacom SA is the largest subsidiary in the Vodacom group and is also SA’s biggest cellular network, with 23.8 million subscribers at the end of September last year, giving it a market share of 49%.
Joosub, an Executive Director of the Vodacom group and MD of Vodacom SA, will move to Vodafone, Vodacom’s single largest shareholder, to take up the post as CEO of Vodafone Spain, one of Vodafone’s largest operating companies.
The move, which Vodacom describes as a promotion, will see Joosub leave the board and relinquish his post as Vodacom SA MD at the end of March.
Richard Boorman, executive head of corporate communications, states a process to replace Joosub has been initiated, but he cannot provide any additional details yet.
Joosub has been with Vodacom since its inception in 1994 and has been described by the company as a key architect in growing the business. He joined the company as an accounting clerk and was promoted to head up the commercial arm of Vodacom SA in 2000, after holding several positions within the telco.
From 2000 to 2005, Joosub was responsible for increasing Vodacom’s South African subscriber base from 2.5 million to almost nine million. After being promoted to MD of Vodacom SA in 2005, Joosub oversaw the growth of the business to 24 million subscribers.
Joosub was the third head of a telecoms company to announce his resignation in 2010, as both Telkom CEO, Reuben September, and MTN CEO and president, Phuthuma Nhleko, announced their resignations.