At least 41 CEOs and CFOs have resigned from their positions in companies listed on the JSE in the past 21 months.
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GUEST - Solly Moeng - brand reputation management advisor and MD of strategic corporate communications consultancy DonValley
At least 41 CEOs and CFOs have resigned from their positions in companies listed on the JSE in the past 21 months, with the highest turnover seen in CFOs as the role becomes more challenging with high interest rates driving up lending costs.
More telling is that, in most cases, no successors are named. A common theme is that companies are embarking on a “process of identifying a suitable replacement to fill the vacancy”. This raises serious questions about companies’ succession plans or the lack of them.
At least 41 CEOs and CFOs have resigned from their positions in companies listed on the JSE in the past 21 months, with the highest turnover seen in CFOs as the role becomes more challenging with high interest rates driving up lending costs.
More telling is that, in most cases, no successors are named. A common theme is that companies are embarking on a “process of identifying a suitable replacement to fill the vacancy”. This raises serious questions about companies’ succession plans or the lack of them.
