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Aveng CEO resigns with immediate effect

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Kobus Verster, the chief executive officer, of South African construction firm Kobus Verster, the chief executive officer, of South African construction firm

Kobus Verster, the chief executive officer, of South African construction firm Aveng will resign with immediate effect after the company reported a wider full-year loss the firm announced on Tuesday.

“Eric Diack, current Executive Chairman, will assume the duties of CEO until such time as a new CEO has been appointed,” the firm said in a statement.

The company said headline loss per share for the year to the end of June fell to 1,625 cents per share compared with a loss per share of 75.2 cents at June 2016.

In addition Reuters reported that the company saw a headline loss of R6.4 billion decrease from R299 million at June 2016​.

Despite limited growth in mining and energy sectors, outlook remains positive​.


 

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