‘Exxaro tainted by CEO’s exit’
Nombasa Tsengwa's acrimonious departure raises questions about board's oversight and will spark investor caution, says analyst
09 February 2025 - 08:18
An analyst has described the acrimonious exit of Exxaro CEO Nombasa Tsengwa, who resigned on Thursday after a failed attempt to have her suspension lifted, as “not good for the company”.
Yonelisa Petse of Aeon Investment Management was critical of the way the board of the coal miner handled its disagreement with Tsengwa. ..
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