Letshego Holdings Limited has announced that it has terminated with immediate effect the employment of Andrew Fening Okai as Group Chief Executive and Executive Director of the Group Board due to an irreparable breakdown in trust and confidence between the two parties.
In addition, the Board says it has simultaneously suspended the Company Secretary Matshidiso Kimwaga pending a disciplinary process. While the Board considers a permanent appointment, Aupa Monyatsi, the current Chief Operations Officer of the Company has been appointed with immediate effect as the Group CEO and Executive Director for an interim period. The Board says it fully supports and has confidence in Monyatsi and his Executive Team to continue to drive the Company strategy. “The Company will announce the appointment of an interim Company Secretary pending the outcome of the disciplinary process of the suspended Company Secretary.”