TONGAAT Hulett has announced the resignation of its chair Louis von Zeuner.
The company announced that he advised the board he will not available for re-election at this year’s annual general meeting “due to a change in his personal circumstances”.
“Mr Von Zeuner has consequently resigned as chairman but will remain on the board to assist with a smooth transition and handover until 30 June 2022.”
He will also resign as an independent non-executive director of the company at the end of June.
David Noko was appointed as interim chair until a replacement is found. David Noko has served as lead non-executive director on the Tongaat board since 1 July 2020 and is lead independent non-executive director.
“On behalf of the board and executive team of Tongaat Hulett, we wish to sincerely thank Mr von Zeuner for his exceptional leadership, guidance and support during the difficult time that Tongaat Hulett faced when he took over the role as chairman. In welcoming Mr Noko as the interim Chairman, we take comfort that our efforts to complete the turnaround and recapitalisation will benefit from an exceptional depth of management expertise on the board, ” said CEO Gavin Hudson.
