The carefully laid out succession plans of SA’s largest packaging group, Nampak, have been thrown into disarray after the company’s CEO-designate, Andrew Hood, tendered his resignation over personal reasons.
The group, which has staged a comeback under the stewardship of Phil Roux, said on Thursday it had embarked on a new process to identify who will eventually succeed Roux.
“The board advises shareholders with regret of Andrew’s resignation due to personal family circumstances,” the group said.
“The appointment of a future CEO for Nampak remains a high priority for the board and shareholders will be advised of further developments in this regard.”
The company in April promoted Hood to the role of COO as part of its succession plan that would have seen him take over from Roux next month.
Nampak said in light of Hood’s resignation, Roux would stay on in the CEO role “until a suitable successor has been appointed, thereby ensuring leadership continuity”.
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