Displaying items by tag: Resignation

South Africa: The CEO of PPC, Ketso Gordhan, resigned abruptly on 22 September 2014. The company cited clashes between him and the board. Gordhan, who was appointed at the start of 2013, leaves the company in the middle of an expansion drive into the rest of Africa that he had spearheaded to offset slowing demand at home.

PPC said that Gordhan's departure was prompted by 'differences of opinion' with the board, regarding 'procedures for the approval of certain decisions.' However, he has agreed to continue to provide input to crucial projects he was leading. The non-executive chairman Bheki Sibiya will act as the executive chairman until the appointment of a new CEO.