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Restructuring looms at TopTV as CEO steps down

3 Feb 2012

It's official. TopTV founding CEO Vino Govender is stepping down from the satellite pay-TV operator with immediate effect amid plans for a "possible restructure" at the company to ensure it "remains competitive and relevant in the pay-TV environment in South Africa".

Restructuring looms at TopTV as CEO steps down

Eddie Mbalo, chairman of TopTV owner On Digital Media (ODM), will fill the role of interim CEO until a replacement for Govender is found, the company says.

"Following discussions that have taken place over a six-month period with the board and Govender, a mutual separation has been reached, which both parties believe will benefit the company in its future developments," ODM says in a statement. "Govender remains a shareholder of the company and will continue to guide and assist Mbalo and the board."

Continue reading the full story on www.TechCentral.co.za.

Source: TechCentral

Founded by Duncan McLeod, TechCentral is the leading quality news and information resource for people involved in South Africa’s fast-growing information and communications technology industry and those interested in the fast-changing world of information technology. It provides quality news, reviews and comment relevant to its quickly expanding audience. Follow TechCentral on Twitter at TechCentral, become a Facebook fan and subscribe to the daily newsletter.

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