Shock as PPC boss Ketso Gordhan quits

2014-09-22 16:38

Cement producer PPC has made the shock announcement that Ketso Gordhan has resigned as chief executive with immediate effect.

Gordhan, who was known for his unique inclusive management style, resigned “due to differences of opinion with the board, regarding board procedures for the approval of certain decisions,” said PPC this afternoon.

He has been at PPC for about a year and a half and his contract only ends in 2017.

Chairperson Bheki Sibiya will become executive chairperson with immediate effect, until a chief executive is appointed.

Board director Tim Ross will become lead director of the board.

Sibiya said Gordhan had led PPC’s African expansion and should also be commended for his work on closing the salary gap in PPC as well as implementing an innovative employee housing support initiative. Gordhan took a R1 million pay cut and his executives also saw their salaries slashed.

The company gave no details on what had precipitated this shock move.

Gordhan was previously the director-general of transport and city manager for Joburg.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.