22 June 2009
Nairobi — After the successful launch of the Orange mobile brand in the Kenyan market, Telkom Kenya chief executive officer Dominic Saint-Jean, is expected to quit at the end of this month, the Nation has learnt.
The board, in which France Telecom has the majority share, at 51 per cent, is to meet tomorrow where it is said a new chief executive will be approved paving the way for Mr Saint-Jeans' exit.
While the firm remained tight-lipped over the matter when contacted, a source privy to the going-ons said the Wednesday meeting would be crucial to the succession plan.
"I cannot give details but what I know is that the board is to sit on Wednesday where the issue of approving the new CEO will be discussed, but for now it is not ripe to divulge more details, said the source.
Board's approval
Another French man, Mr Micael Gossein, is poised to take over after the boards' approval, said the source.
Mr Saint Jean has steered the mobile and fixed telephone service provider in shedding off its moribund parastatal tag during his eighteen months in charge.
A consortium led by France Telecom bought 51 per cent of Telkom Kenya at Sh26 billion, in a deal meant to turn around the loss-making business and prepare it for an eventual market flotation.
The takeover gave France Telecom the majority representation on the board and the power to appoint the top managers.
Telkom Kenya enjoys a monopoly on landline services in the east African economy with 280,000 fixed lines.
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