Denel CEO resigns after less than two years in the job 🔒
Danie du Toit, Denel’s group CEO, has resigned after less than two years in the job, as the turnaround of the state-owned arms manufacturer after years of mismanagement remains in the balance.
Du Toit’s resignation is a blow for the company, which is struggling to get back on its feet after years of mismanagement and looting during the state capture years left it in financial dire straits.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Denel confirms resignation of CEO but stays mum on reasonsDenel group CEO Danie du Toit has resigned, the state-owned enterprise confirmed on Monday afternoon.
Read more »
Denel announces resignation of CEODu Toit will continue to render his services until 15 August.
Read more »
Denel confirms CEO Danie du Toit has resigned, but has not said why‘Denel will appoint an interim group CEO shortly,’ the company says
Read more »
Denel confirms resignation of CEO but stays mum on reasonsDenel group CEO Danie du Toit has resigned, the state-owned enterprise confirmed on Monday afternoon.
Read more »
Denel CEO Danie du Toit will step down next monthDanie du Toit, the chief executive of South Africa’s struggling state-owned defence firm Denel, will step down from August 15, the company said in a statement on Monday. Denel — one of several loss-making state companies the government has kept afloat with bailout funding — has struggled to pay employee salaries amid a liquidity crisis aggravated by the COVID-19 pandemic.
Read more »
Spur CEO to depart after almost 40 years with the groupPierre van Tonder, who has served as Spur MD and CEO, will leave the group at the end of December
Read more »