Nolo Letele, director and former CEO at South Africa-based pay TV company MultiChoice, is set to retire at the end of this month.
The news was revealed in a MultiChoice statement to the Johannesburg Stock Exchange, which said: “Shareholders are advised that Mr FLN Letele (Nolo) will retire as a non-executive director of the board of directors… and the social and ethics committee with effect from 1 December 2021.”
Letele became a chartered engineer at the University of Southampton in the UK. He joined M-Net in 1990 and pioneered MultiChoice’s expansion outside South Africa. In 1999 he was appointed CEO of MultiChoice SA, later serving as MultiChoice group CEO until 2010, when he was appointed executive chairman of the MultiChoice South Africa Holdings board.
He has won awards ranging from the Lifetime Africa Achievement Prize for Media Development in Africa to the prestigious Naspers Phil Weber Award, and the Black Business Executive Circle Chairman’s Award.