Fin24

Sapo group CEO departs

2012-01-25 10:24

Johannesburg - The SA Post Office and its group chief executive Motswanesi Lefoka have reached a "mutually agreed separation", it said on Wednesday.

"The terms of this agreement are confidential," Sapo said in a statement.

Sapo would retain Nick Buick as acting group CEO and recruitment would commence for a new head.

Lefoka was put on special leave in October last year as a corruption investigation got under way.

That month there was also a mutual agreement on the termination of chief operating officer John Wentzel's contract.