South African Airways Chief Executive Officer Vuyani Jarana resigned

rpm

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Why SAA CEO Vuyani Jarana resigned

South African Airways Chief Executive Officer Vuyani Jarana quit the financially stricken state-owned company, citing a lack of funding and drop in government support for the carrier’s turnaround plan.

The former Vodacom Group Ltd. executive was brought in about 18 months ago to lead a recovery at the airline, which has been unprofitable since 2011 and mired in mismanagement and corruption scandals. But a lack of clarity on state funding and the slow nature of decision-making processes persuaded him to resign, according to a letter sent to SAA Chairman Johannes Bhekumuzi Magwaza seen by Bloomberg.
 

Gaz{M}

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Feb 9, 2005
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And yet he still collects his multi R10 million salaries and bonuses. These CEO's should not be allowed to resign until their contract term is up.
 
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