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ODM announces resignation of CEO

Wed, 08 Feb 2012 12:59

TopTV CEO Vino Govender has announced that he will be stepping down with immediate effect and Eddie Mbalo, chairman of ODM, will fill the role of interim CEO until a replacement for Govender is appointed.

According to a statement from TopTV, a mutual separation has been reached following discussions that have taken place over a six month period with the board and Govender. Both parties believe the mutual separation will benefit the company in its future developments. Govender remains a shareholder of the company and will continue to guide and assist Mbalo and the Board.

Mbalo, addressing the TopTV staff, thanked Vino Govender on behalf of the Board of Directors for his hard work and commitment. Says Mbalo: “We would like to take this opportunity to thank him for the enormous contribution he has made to the start-up operation that is TopTV today. The launch of a second pay-TV operator into the local market brought with it a shake-up in the industry that resulted in more choice and pricing options for consumers.”

The decision follows a series of meetings between the Board and management of ODM to discuss the future and possible restructure of TopTV to ensure that the company remains competitive and relevant within the pay-TV environment in South Africa.

Govender states that he has decided to step down as he has fulfilled his role in planning and executing the setup of the business over the past six years. “It is time for fresh blood to take the business to new heights and I am confident the board will implement and achieve its strategic plans.”
Mbalo joined e.tv in 1998 as the first head of Current Affairs. In 2001 he was appointed CEO of National Film and Video Foundation (NFVF)

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