The CFO of Cell C resigns

Cell C has revealed that Lerato Pule, its chief financial officer, has resigned. Confirming in a statement sent to MyBroadBand, the company said Pule is “taking up another opportunity”.

Cell C has not announced a replacement, saying the company will still begin the process of identifying a successor, but it said over the next few months, she will continue to deliver on critical financial matters.

The telecommunications company’s board commended Pule for facilitating the finalisation of the company’s recapitalisation deal and initiating three years of historical audits, comprising the financial years between 2018 and 2020.

Cell C said the final stages of the 2021 and 2022 historic audit [is] soon to be completed to ensure the timely delivery of the complete annual financial statements for these years. “Her influence extended beyond traditional financial reporting, as she has played a crucial role in building a strong finance team and advancing our finance function into the realm of analytics.” – the company added.

Lerato is the latest of a number of executive and board moves at the embattled mobile service company. It was in June when Cell C announced that two former MTN and Vodacom heavyweights had been appointed to its board.

These were former MTN South Africa CEO Godfrey Motsa and Vodacom corporate affairs executive Maya Makanjee. Motsa had also done a stint at Vodacom before becoming MTN SA CEO.

A day later, Cell C announced that Vodacom veteran Jorge Mendes had been appointed CEO from 1 July 2023.