09 November 2020
Michiel Buitelaar, CEO of Telekom Networks Malawi (TNM), has resigned after 19 months in the role.
In a message to TNM employees, he said the reasons for stepping down were personal.
“I’m stepping down as CEO of TNM. I thoroughly enjoyed my position and working with you but personal reasons have brought me to this decision," said Buitelaar. "Although times are not easy, I’m confident that management and the board will navigate TNM through them showing Malawi that TNM is the tech company to be proud of and I’m proud to have been part of it.”
In a notice to shareholders through Malawi Stock Exchange (MSE), the company secretary Christina Mwanza confirmed that Buitelaar has left the company following a mutual separation agreement.
“The board expresses its appreciation to Buitelaar for his efforts and contribution during the time he served the company. In the meantime, the board has appointed Mr. Arnold M’bwana, the current chief finance officer as acting CEO until the position is substantively filled,” Mwanza said.
It is not yet clear what impact Buitelaar’s resignation will have on the company, its 3.5-million plus subscribers or the country’s telecommunications market in general.
Buitelaar joined TNM as CEO in April 2019.