Johannesburg – The board of struggling state-owned arms manufacturer Denel has appointed Talib Sadik as its interim group chief executive officer with immediate effect.
This follows Daniel du Toit’s abrupt resignation in mid-July. He was in the post for under two years.
Sadik is currently an independent non-executive director.
“Mr Sadik, a qualified Chartered Accountant (SA) and former non-executive director, has worked with the board in developing the turnaround plan and positions him well for a seamless transition. Mr Sadik served as Denel’s Group CEO between 2008 and 2012 and brings wealth of experience that will be of value to Denel,” said the group in a statement on Monday morning.
