Cell C chief executive officer Douglas Craigie Stevenson will step down from the role, effective 31 March 2023.
The mobile operator’s parent company Blue Label Telecoms, advised shareholders on Thursday (23 March) that Stevenson elected to resign for personal reasons and to pursue other opportunities in line with his personal career goals.
Brett Copans has been appointed to lead the company as interim CEO and is appointed to the board with immediate effect.
Copans joined Cell C in April 2022 and was primarily responsible for ensuring the successful conclusion of the recapitalisation transaction. He was subsequently appointed as chief restructuring officer.
Before joining Cell C, Copans spent 18 years at Investec Bank and then founded Pentrich Financial Services, a specialist financial services business providing capital raising, advisory and management services to companies.
Joe Mthimunye, Chairman of the Cell C Board, said the group will initiate a process to appoint a permanent CEO.
Read: Blue Label completes recapitalisation of Cell C
