PIC CFO Matshepo More steps in as acting CEO
Matshepo More takes over from Dan Matjila as acting CEO of the Public Investment Corporation.
After Dr Dan Matjila resigned on 23 November, the Public Investment Corporation (PIC) appointed chief financial officer Matshepo More as the acting chief executive.
PIC chairperson, Mondli Gungubele, said in a letter addressed to PIC staff that the board accepted the resignation of Dr Matjila with immediate effect. At the same time, the board resolved that executive director and CFO Matshepo would act as the chief executive officer.
In his letter, Gungubele stated:
“Colleagues I can never over-emphasise the confidence that the board has expressed in you as the human resource of PIC. You have proven to be resilient during turbulent times that the PIC went through. We, therefore, have no doubt that you will continue with the diligence, professionalism and commitment that you have shown to the PIC in executing your duties.”
Gungubele further said that the board will avail itself soon to engage further in any other matters that may be of concern to ensure continued stability of the corporation.