Exiting execs not dismissed

Zunaid Mayet, Rob Godlonton and Pumeza Bam were not implicated in corruption and were not dismissed, EOH CEO Stephen van Coller said yesterday.

The JSE-listed technology group said that Mayet, a former group CEO and most recently CEO of subsidiary Nextec, and Rob Godlonton, the CEO of EOH’s ICT business, resigned last Friday.

Non-executive director Pumeza Bam also resigned from the board. Bam had served as an executive director of EOH for seven years and as non-executive director for the past two years.

The resignations are in line with leadership accountability to allow the new management and board to move the company forward with the past behind us

“The directors are not implicated in corruption,” Van Coller told TechCentral yesterday. “The resignations are in line with leadership accountability to allow the new management and board to move the company forward with the past behind us. That’s why they are helping with the handover.”

Mayet has been at EOH for the past decade and had replaced co-founder and former CEO Asher Bohbot in the top leadership position of the company before being moved to head up Nextec, a new company in the group that focuses on growth areas in the ICT sector.

Godlonton was an executive director and CEO of the ICT business and relinquished this role and his participation on various EOH subsidiary boards.

Both Mayet and Godlonton will assist with the handover until October 31 2019, EOH said. Mayet intends “embarking on a new entrepreneurial venture”.

News of the resignations came a day before EOH published key findings of an interim probe by law firm ENSafrica into corruption in the group’s public sector contracts.

The investigation unearthed “evidence of serious governance failings and wrongdoing at EOH”, the JSE-listed technology services group said yesterday.

The probe, requested by EOH Holdings CEO Stephen van Coller in February in the wake of allegations of irregularities involving the supply of Microsoft software to the SA department of defence, found problems in EOH’s public sector business run from the group’s head office as well as similar issues at subsidiary EOH Mthombo.

These include “unsubstantiated payments, tender irregularities and other unethical business dealings”.

Published with the permission of TechCentral

Duncan McLeod is editor of TechCentral