CEO Danie du Toit departed on Friday after less than two years in the post and amid a liquidity crisis
A Denel company logo is seen at the entrance of its business divisions in Pretoria. Picture: REUTERS/SIPHIWE SIBEKO
State-owned arms manufacturer Denel has appointed independent non-executive director Talib Sadik as acting CEO with immediate effect.Former CEO Danie du Toit departed on Friday after less than two years in the post.Sadik, a qualified chartered accountant, was Denel group CEO between 2008 and 2012.
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