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Press Release

Altech announces appointment of Jeffrey Hedberg as Group Chief Operating Officer

JSE-listed Allied Technologies Limited (Altech) is pleased to announce the appointment of Jeffrey Hedberg as Chief Operating Officer (COO) to the Altech Group, effective 1 July 2011.
An ICT industry veteran of more than 20 years, his experience and expertise spans fixed and mobile telecommunications, mergers and acquisitions, international expansion and vendor engagement.
Hedberg will report directly to Altech Group CEO, Craig Venter. Hedberg will be responsible for the operational leadership of Altechs 33 operating companies with the Group Executives of the Telecommunications, Multi-Media and Information Technology (TMT) divisions reporting to him.
According to Venter, Hedbergs skills and experience ideally match Altechs key strategic objectives of growth through globalisation, income base diversification, M&A activities and convergence.
We are delighted to welcome Jeffrey to Altech and we are confident that his international experience will be of significant value as Altech gears up to take a global leadership position in the TMT sector, said Venter.
Jeffrey came to our attention because of his strong execution skills, his proven ability to drive shareholder value, his track record in leading complex organisations and his sound executive and personal qualities. On behalf of our board, shareholders, management and staff we welcome Jeffrey to the management team and wish him every success in the creation of value for all Altech stakeholders, concluded Venter.
Commenting on the appointment, Hedberg said, Altech is one of the leading ICT companies in South Africa, with a proud history of innovation, outstanding talent, customer commitment and an enviable business record. It is a great honour to join its leadership team and have the opportunity to build on its success.
Hedberg holds a BA in Business Administration, International Business and Marketing from Northeastern University and an MA in International Management, International Policy and International Law from the University of Denver.
Prior to this appointment, Hedberg was Acting CEO of the Telkom Group until 31, March, 2011. He is currently acting in an advisory capacity at Telkom until the end of June, 2011. Hedberg joined the Telkom Group in November of 2009 and was CEO of Telkom’s Nigerian subsidiary Multi links for five months until he was asked to return to become Acting Group CEO in July, 2010. From 2006 to 2009 he was CEO of Cell C, the third largest mobile operator in South Africa. From 1999 to December 2004 he worked as a Member of the Management Board of Deutsche Telekom, responsible for International activities. Prior to Deutsche Telekom he spent close to five years at the Swiss national phone company, Swisscom, where he was similarly a Member of the Management Board responsible for International activities.
Hedberg will also assume an executive director position on the Altech Board.

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