In partnership with
All data is delayed
See More

CEO of Austro subsidiary dismissed

Dec 13 2012 15:09
I-Net Bridge

Company Data


Last traded 20
Change 0
% Change -2
Cumulative volume 14772
Market cap 0

Last Updated: 21-10-2016 at 04:45. Prices are delayed by 15 minutes. Source: McGregor BFA

Johannesburg – Austro Group [JSE:ASO] announced on Thursday that Charles Jacobs‚ a director of the group and CEO of a subsidiary of the group‚ Austro Proprietary Limited (Wood)‚ has been dismissed‚ effective immediately‚ following the outcome of a disciplinary inquiry. 

No details were divulged. 

The group said that until further notice‚ Jonathan Orde Freed‚ the managing director of New Way Power Proprietary Limited‚ a subsidiary of Austro and sister company of Wood would continue to manage Wood as he had during the period that Jacobs had been suspended from his duties. 

“The board of directors are confident that Jonathan will ensure the enhanced continuation of the business‚” Austro added.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.



Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote