Shares in JSE-listed Ascendis Health [JSE:ASC] have dropped by more than 8%, a day after it fired its CEO Thomas Thomsen.
In a brief update to shareholders late on Thursday, the group's board said Thomsen's contract had been terminated. It did not provide a reason.
Andrew Marshall, the board’s current chairperson, will assume the role of CEO until the board appoints a replacement.
The health group's shares were trading at R4.50 a share at 13:30 on Friday on the JSE.