Ascendis Health shares drop a day after firing CEO | Fin24
  • Load Shedding Schedules

    Find information for Johannesburg, Durban, Cape Town and other cities.

  • Channelling Thatcher

    A battle with unions will be the biggest test for Ramaphosa and Mboweni, writes Pieter du Toit.

  • State Wage Bill

    Budget 2020 | Treasury announces three-year R160bn proposal to cut state wage bill.


Ascendis Health shares drop a day after firing CEO

May 24 2019 22:52
Sinesipho Tom

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. 

ascendis health


Company Snapshot


Cuts to the public sector wage bill took centre stage at this year's Budget

Voting Booth

Do you support a reduction in the public sector wage bill?

Previous results · Suggest a vote