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2020 has been a very disruptive year for business executives in South Africa with the COVID-19 pandemic and the shutdown creating tremendous uncertainty.
Therefore, it is not surprising that numerous high-profile CEOs have announced their resignation in the past eight months.
Spur CEO Pierre van Tonder announced in July that he had resigned after working at the company for 38 years. He served as CEO of Spur since 1996.
A month later, the restaurant chain announced that its chief operating officer, Mark Farrelly, had resigned effective at the end of August.
The South African mining industry was also hit by two high-profile resignations earlier this year.
AngloGold Ashanti CEO Kelvin Dushnisky announced that he would resign for personal reasons on September 1, 2020.
Gold Fields CEO Nick Holland announced that he will step down in 2021 after leading the company for 13 years.
The local IT and telecoms sector saw many resignations and moves since the shutdown was announced.
These include MTN CEO Rob Shuter, Liquid Telecom SA CEO Reshaad Sha, Net1 CEO Herman Kotze, and Webafrica CEO Tim Wyatt-Gunning.
These are the biggest tech executive moves of 2020.
Rob Shuter, CEO of MTN
In March, MTN announced that its group president and CEO, Rob Shuter, will be leaving his position at the end of his contract.
In August, MTN said that Ralph Mupita had been appointed President and CEO of MTN Group effective September 1, 2020, and that Acting CEO Rob Shuter resigned on August 31.
Reshaad Sha, CEO of Liquid Telecom South Africa
In June, Reshaad Sha announced that he had resigned as CEO of Liquid Telecom South Africa to head a new artificial intelligence company.
Liquid Telecom South Africa subsequently appointed Deon Geyser as its new CEO.
Herman Kotze, CEO of Net1
In August, Net1 announced that its CEO and director, Herman Kotze, would resign at the end of September.
Kotze has been with Net1 for over two decades and will consult with the company to ensure a smooth transition.
Byron Clatterbuck, Seacom CEO
Seacom CEO Byron Clatterbuck resigned in December and will end his tenure with the company on March 31, 2021.
Oliver Fortuin, who is currently the Group Companies Director at MTN, will assume the role of CEO of Seacom on January 4, 2021.
Mark Janse van Vuuren, CEO of Jasco Electronics
Jasco Electronics CEO Mark Janse van Vuuren resigned on May 31, 2020 following a company restructuring.
Janse van Vuuren has been with the company for 12 years and resigned to pursue new interests.
Tim Wyatt-Gunning, Webafrica CEO
Webafrica CEO Tim Wyatt-Gunning resigned on July 1, 2020 and was replaced by Sean Nourse, who has served as CEO of MWEB for the past three years.
Wyatt-Gunning has been CEO of Webafrica since October 2011 and said it was the right time to find a successor with fresh ideas.
Uber Sub-Saharan Africa GM Alon Lits
Uber Sub-Saharan Africa CEO and director Alon Lits announced in July that he would be leaving the company after seven years.
Lits was part of Uber’s first foray into Africa in Johannesburg in 2013 and quickly expanded Uber to 15 other cities in sub-Saharan Africa.
Danie du Toit, CEO of Denel
In July, Denel announced that CEO Danie du Toit would resign on August 15, 2020. He did not give reasons for du Toit’s departure.
Denel, who makes aerospace and military hardware, has struggled financially and struggled to pay wages.
Tsholofelo Molefe, Chief Financial Officer of Telkom Group
In December, MTN announced the appointment of Tsholofelo Molefe as its new Group CFO (GCFO).
This follows Molefe resigning his position as GCFO at Telkom with immediate effect.
Nedbank Raisibe Morathi CFO
Nedbank CFO Raisibe Morathi resigned from the company and joined Vodacom as the group’s CFO on November 1, 2020.
She was also named a member of the board of directors of the Vodacom Group.
Read Now: Telkom Group CFO Tsholofelo Molefe Resigns to Join MTN
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