EOH Holdings founder Asher Bohbot is stepping down from the JSE-listed IT services group’s board of directors, ending a source of potential conflict with newly appointed CEO Stephen van Coller.
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EOH Holdings, reeling after an anonymous complaint prompted Microsoft to abruptly cancel partner agreements with it, has created an app that will make that process easier for future whistle-blowers.
Exclusive | Microsoft terminated longstanding partner agreements with EOH after an anonymous whistle-blower filed a complaint about alleged malfeasance with the US Securities & Exchange Commission.
Stephen van Coller has called on anyone with evidence of corruption involving the JSE-listed IT services group to bring it to him as he attempts to “root out” any “historical, unethical business practices”.
EOH Holdings on Friday published an open letter to its stakeholders after its shares were pummelled this week following the news that Microsoft had terminated two partner agreements with its subsidiary, EOH Mthombo. Read the full letter here.
EOH updated shareholders on Wednesday after Microsoft pulled the plug on two partnership agreements, but has still not explained the software giant’s reasons for doing so.
Listed technology services group EOH Holdings issued a statement to shareholders at 1.41pm on Tuesday, providing an update on the termination by Microsoft of its channel partner agreement.
EOH Holdings has said the potential loss of partner agreements with Microsoft South Africa within the next 30 days won’t have a material impact.
Mystery surrounds a decision by Microsoft South Africa to terminate two partner agreements with JSE-listed technology services group EOH.
EOH Holdings said on Friday that it has appointed Megan Pydigadu as its new group financial director, replacing the long-serving John King, who is stepping down.