The reason for the separation was cited as "differences on forward strategy in relation to the SAPO structure".
On Thursday 1 August the South African Post Office (SAPO) announced the resignation of its group CEO Mark Barnes, making him the latest chief executive to leave South Africa’s troubled SOEs.
Upon tendering his resignation, Barnes cited “differences on forward strategy in relation to the structure of the SAPO group”, in particular, the location of Postbank.
The statement read that, following discussion on Barnes’ resignation with the board, the parties are in agreement on an amicable separation.
The board thanked Barnes for his “enormous service to the SAPO and the country during his tenure”.
The statement read:
“In his time at the SAPO, Barnes has led the stabilisation of the organisation as well as pioneered its positioning as a relevant access point of government services for our communities.”
SAPO group COO Lindiwe Kwele has been appointed as an interim group CEO until the recruitment of a new CEO takes place.
According to the statement, Barnes will remain within the SAPO fold for a period to aid the transition of the interim group CEO “to ensure continuity”.
Barnes resignation follows the resignation of former CFO Nichola Dewar in July 2018. ‘
Read more: Nichola Dewar to take up the role of FD at A2Pay
Jabulani Dlamuka was subsequently appointed as acting group financial officer until a new CFO has been appointed.
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