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Nampak CEO Erik Smuts resigns | Business

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Nampak CEO Erik Smuts has resigned with effect from Thursday, with the debt-laden packaging company saying his decision reflects the fact the role is changing as a disposal programme makes the group smaller. | News24_Business

The company has also flagged operational difficulties and tough market conditions, notably in Angola and Nigeria, also recently announced the appointment of a chief restructuring officer, Michael Dorn.

Smuts had been appointed CEO in January 2020, replacing Andre de Ruyter, who then went on to take the helm at Eskom, a position he has since resigned from. Chris Logan, MD of Opportune Investments, said turnarounds were notoriously difficult, with Nampak's"as difficult as it can possibly get."

 

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_Business Is he headed to ESKOM - just asking 🤔

_Business Going to eskom

_Business A.D.R

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