Subsea cable operator Seacom has announced that its Chief Strategy Officer, Suveer Ramdhani, has resigned.
The company said Ramdhani has left the company to pursue other interests, and the strategy and development functions have been moved under Group CFO Richard Schumacher.
Seacom added that the resignation will not impact on any deals in the pipeline and said the company will “continue to look for opportunities to expand our business in Africa both organically as well as through M&A activity.”
According to a statement released by the company, Ramdhani has been with Seacom since its inception and was involved in its initial launch in 2009.
The statement reads in part: “During his tenure with Seacom, Mr Ramdhani initially oversaw Seacom’s product development before assuming his current role as Chief Strategy Officer, where he has been responsible for overseeing Seacom’s strategy, market development and M&A activity for the past six years. He recently concluded the acquisition of FibreCo Telecommunications, which has positioned Seacom to operate a network that runs along South Africa’s highest-traffic transmission routes and links all major South African cities to Seacom’s submarine cable assets. He was also fundamental to Seacom’s fundraising efforts over the years.”
Seacom added that Ramdhani has a founding role in the SEACOM project and was responsible for the development of the business strategy of the cable system.
“Furthermore, he and his team raised 50% of the equity required for the SEACOM project and completed significant off-take agreements with customers.”
Brian Herlihy, founder, shareholder, and Chairperson of Seacom’s Investment and Strategy Subcommittee, thanked Ramdhani for his contributions through the years and wished him the very best with his future endeavours.
“Suveer has been a cornerstone of our business, driving growth strategies for new products and services, new markets and transformative acquisitions. His efforts have led Seacom from a project into a diversified and sustainable telco.”
Ramdhani said: “I am sincerely grateful to Seacom’s shareholders, staff and customers for these many exciting years in which we, together, drove increased access to broadband Internet in Africa. The social benefit from our efforts has made the years at Seacom more than worthwhile.”
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