• Clueless leaders

    Zim's leaders are clueless about managing the economy or leading the nation, says Malcom Sharara.

  • Govt is out of touch

    Journalists seems to know more than those paid to govern us, says Mandi Smallhorne.

  • Terry Bell's Inside Labour

    Private firms can't be blamed for picking up anything lucrative on offer, says Terry Bell.

All data is delayed
Loading...
See More

CEO of Austro subsidiary dismissed

Dec 13 2012 15:09
I-Net Bridge

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

24.com 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
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

Labour’s call for a cap on salary of high earners is?

Previous results · Suggest a vote

Loading...