Under Lok and key
YOU’D BE FORGIVEN for mistaking William Tell’s recent board shuffling with a daytime TV soapie. The retrenchment of group CEO and founder
– purportedly after a bout of strange behaviour – quickly followed the announcement of MD Wally van Coller’s immediate and unceremonious suspension. Things were clearly untenable, because it’s not every day you see the majority shareholder of a family-owned company booted out.
According to reports, Lok’s paranoia had reached spy-thriller proportions. That made the subjects of his accusations – from his executive team down to the average factory worker – feel justifiably awkward. The question is: Did Lok chase Van Coller away? If so, surely Van Coller should be reinstated?