Shake-up and earnings boost at iOCO triggers a share price rally
Activist investors Rhys Summerton and Dennis Venter, selected as co-CEOs, are forgoing their salaries
13 February 2025 - 21:16
UPDATED 13 February 2025 - 23:20
In an uncommonly high level of commitment to the company’s future, iOCO has picked activist investors Rhys Summerton and Dennis Venter as its co-CEOs in the latest leadership shake-up since shareholders took charge of the company’s performance.
Venter and Summerton, who are forgoing their salaries, replace Marius de la Rey, who took the reins temporarily after the activist investors stepped in and reconstituted the board less than a year ago out of frustration caused by the once high-flying tech group’s stock market and operational underperformance...
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