IRBA CEO Jenitha John tenders resignation

Jenitha’s resignation comes amid negative perceptions about her directorship at Tongaat Hulett.

The Independent Regulatory Board of Auditors has announced that CEO Jenitha John has tendered her resignation. Director of inspections Imre Nagy has been appointed as acting CEO with immediate effect.

Jenitha’s resignation comes amid concerns around her non-executive directorship at Tongaat Hulett, which underwent an auditing scandal that saw it fined and suspended from the JSE in 2019.

The IRBA statement said Jenitha fully disclosed her non-executive directorship at Tongaat Hulett and the issues which surrounded that directorship at the beginning of the selection process.

“It is unfortunate that negative perceptions about Ms John persist and this has unfortunately impacted her role at the IRBA. Consequently, Ms John feels that it would be in the best interests of the IRBA for her to stand down as CEO,” the statement read.

This follows shortly after Minister of Finance Tito Mboweni dissolved the regulator’s board of directors.

Mboweni met with the board in January to discuss a series of resignations since Jenitha’s appointment as CEO and gave all the members an opportunity to express their views on the matter. He decided that the best course of action would be to dissolve the board, which has been in place since July 2020.

Read more: Finance Minister Tito Mboweni dissolves IRBA board