CEO, IT’S TIME TO GO

Finweek English Edition - - TECHNOLOGY -

Michael Jor­daan’s res­ig­na­tion as CEO of FNB raises the ques­tion of how long a CEO should re­main in that po­si­tion. Jor­daan sug­gested 10 years is enough and many oth­ers agree with this time frame. But is it a fair comment? Some com­pa­nies sim­ply wouldn’t be the same with­out their CEOs, think Bidvest and Brian Joffe. I would sug­gest in­vestors must ques­tion CEOs who stay on seem­ingly for­ever. Can they still see the wood for the trees, is there a risk of los­ing the plot? Or are they re­ally adding se­ri­ous value as Joffe does?

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