Land Bank acting CEO resigns

News24
15 Jan 2020, 17:44 GMT+10

Acting CEO of the Land and Agricultural Development Bank of South Africa, Kone Gugushe, has resigned, the board announced on Wednesday morning.

In a statement on the JSE Stock Exchange News Service (SENS), the Land Bank said Gugushe would be handing over the reins as Acting CEO directly but would not immediately be leaving the organisation.

Gugushe is also the bank's Chief Risk Officer (CRO), and will continue to serve in that role until March 31.

The search for a permanent CEO is ongoing. Gugushe was appointed acting CEO in May 2019, with former chief executive Bennie van Rooy having resigned to pursue personal interests.

"The process to appoint a permanent CEO is at an advanced stage, with an announcement expected in due course.

"In the meantime, Mr Sydney Soundy, who is currently the Executive for Strategy and Communications, has been appointed as Acting Chief Executive Officer with immediate effect," the bank said in its statement.

The board would be briefing investors in the coming weeks, the statement added.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Johannesburg Life.

More Information

null in null

International

Section

CDC: US records 1,288 measles cases, most since 1992 outbreak

ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...

Gaza War sucking life out of an Israeli generation

In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...

Faulty IT system at heart of UK Post Office scandal, says report

LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...

Travelers can now keep shoes on at TSA checkpoints

WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...

Rubio impersonator used AI to reach officials via Signal: cable

WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...

Warsaw responds to migration pressure with new border controls

SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...

Africa

Section