Tsogo Sun is ‘in great nick’
Why Marcel von Aulock quit Tsogo Sun
The market is trying to understand the abrupt departure of CEO Marcel von Aulock, who says it’s about quitting on a high note
Marcel von Aulock’s resignation as CEO of Tsogo Sun is the latest in a line of somewhat unexpected CEO exits. First was Asher Bohbot of EOH, then Thabo Dloti from Liberty. Alan Olivier leaves Grindrod at the end of July after 30 years with the group; and André Meyer of Life Healthcare is also going. At the end of the month, Von Aulock (42) will leave the company where he has worked since 1999, when he was 23, and which he has run for the past six years. While it was known that Bohbot would at some point vacate his post and that Dloti had strategic differences with Liberty’s board, Von Aulock’s exit is an abrupt one. By way of explanation, he says: "The danger of waiting too long [to leave] is that you make bad decisions in the business. You don’t want to do that — you want to leave on a high." Von Aulock is leaving a business that is "in great nick", he says. And though he has nothing lined up, he won’t agree to another job while he’s still in this one. "I don’t want to work somewhe...
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