EOH has appointed Xolani Mkhwanazi as chairman of the board with immediate effect, replacing co-founder Asher Bohbot, who stepped down at the end of February amid a major shake-up in corporate governance.
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EOH CEO Stephen Van Coller sent a letter to employees, clients and shareholders on Friday, reflecting on what has been a week from hell for the JSE-listed IT services group. Read it here.
Amid a the worst crisis in its 21-year history, outgoing EOH chairman Asher Bohbot on Wednesday gave an impassioned speech in defence of the troubled company he founded more than two decades ago.
Stephen Van Coller, EOH Holdings’ new CEO, said he will use a R1-billion cash injection from a stake sale to black investors to pay for acquisitions and decrease the group’s bank debt.
EOH founder and nonexecutive chairman Asher Bohbot said on Wednesday that the JSE-listed IT services group was caught up in the “war” over state capture in South Africa. Speaking to investment analysts and