Stakeholders are referred to the X-News announcements of 26 May, 08 July 2020 and 14 August 2020 respectively and are advised that the disciplinary process of the suspended CEO, Mr Chikuni Shenjere-Mutiswa (“Mr Shenjere-Mutiswa”) has been concluded.
Changes to the management team
Stakeholders are referred to the X-News announcement of 26 May 2020 where the market was informed of the secondment of Mr Botshelo Mokotedi, the Head of Risk at Botswana Development Corporation (“BDC”), a major shareholder in LLR, to hold the fort as Acting CEO while the Board completes its investigation into matters relating to the Company’s Long-term Incentive Plan (“LTIP”).
Stakeholders are advised that in terms of the agreement with BDC, the acting CEO secondment ends today and that Ms Kamogelo Mowaneng, the Chief Financial Officer of LLR, has been appointed as interim CEO with immediate effect.
Appointment of new non-executive directors
In line with the Listing Requirements of the Botswana Stock Exchange, the Board of Directors of Letlole La Rona Limited is pleased to announce the appointment of Mrs. Bronwyn Corbett and Mr. Fred Selolwane as a non-executive directors of the Company.
Recent Posts
- BICA Annual Dinner Dance
- Changes to the Letlole La Rona Limited Board of Directors
- LLR delivers on its Go-To-Africa strategy with highly accretive, long-term co-investment in Kenya
- Co-investment by Letlole La Rona limited into Orbit Africa warehousing and manufacturing facility, Nairobi, Kenya
- Appointment of Chief Financial Officer – Pulafela Isaacs