Andrew Mthembu is He will become EOH Holdings' executive chairman on April 1, and will serve as CEO on an interim basis until a successor is found for outgoing CEO Steven Van Coller.
Mr Mthembu, who is currently non-executive chairman, will succeed Mr Van Coller on April 1 until the founders of the board find a successor. His term will last for up to six months, after which he will revert to a non-executive role, EOH said in a statement to investors on Thursday.
The move comes as EOH has yet to identify a suitable or willing internal candidate to succeed Mr Van Coller, who has been embroiled in a series of corruption scandals over public sector contracts and has led a difficult turnaround. It suggests that it has not.
EOH said Mr Mthembu has the “required skills and experience to take on the role of executive chairman and ensure continuity and stability during this interim period”.
“His familiarity with EOH's operations and stakeholders is complemented by the CEOs of the company's operating business units, namely Marius de la Rey (iOCO South Africa), Brian Harding (International) and Fatima Newman (EasyHQ). ) will be supplemented by support from
At the same time, Andrew Marshall has also been appointed as Lead Independent Non-Executive Director, effective April 1, and will continue in that role following the appointment of a permanent CEO.
New CFO
“Lead independent directors provide important checks and balances and protect effective governance at board level, ensuring that boards continue to operate effectively, objectively fulfill their responsibilities and We ensure that we remain a guardian of good corporate governance,” EOH said.
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The group also announced Thursday that interim chief financial officer Mariallette Greif will assume the role on a permanent basis with immediate effect. – © 2024 News Central Media
