by Thinus Ferreira
MultiChoice has announced through a statement on the JSE's Stock Exchange News Service (SENS) but not released to the media that its legendary director and a former CEO of the pay-TV company Nolo Letele will be retiring at the end of November 2021.
MultiChoice says that "Nolo Letele will retire as a non-executive director of the board of directors and the social and ethics committee with effect from 1 December 2021".
"Nolo Letele is a chartered engineer from the University of Southampton (UK) and has received several awards during his tenure as MultiChoice South Africa group CEO and subsequently as executive chairperson for MultiChoice South Africa," MultiChoice states.
"The board expresses its deepest gratitude to Nolo Letele for his significant and invaluable contributions to the group over many years and wishes him well in his retirement."
The widely-respected, jovial and very knowledgeable Nolo Letele joined the M-Net group in 1990 and quickly became instrumental in M-Net and MultiChoice's overall operational expansion plans across sub-Saharan Africa.
When MultiChoice launched DStv in 1995 Nolo Letele moved to Ghana to head up the pay-TV group's West African operations as West African general manager and four years later he returned to South Africa when he was appointed as MultiChoice South Africa CEO in 1999.
Nolo Letele served in this position as well as MultiChoice CEO for a decade until 2010 where he oversaw rapid content and consumer technology innovation and expansion for the DStv brand.
Nolo Letele became executive chairperson of the MultiChoice SA board and a non-executive director when MultiChoice was separated from Naspers and listed on the Johannesburg Stock Exchange.