Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

MondiBusinessLive reports that paper and packaging group Mondi has appointed its CFO as CEO with effect from April.  Andrew King replaces Peter Oswald, who took over the reins in May 2017.  

The appointment comes as the company executes big projects in Slovakia and Russia as part of its capital expenditure project pipeline.  The group is grappling with lower volumes in certain segments and higher costs that are weighing on profits.  King has spent 17 years at Mondi in various strategy, business development and finance roles.  “He has been instrumental in defining the group’s strategic direction since listing and I am confident he will bring significant insight and leadership to the role of CEO,” Mondi chair David Williams indicated.  Mondi said it would begin looking for a new CFO immediately.

  • Read the original of the report in the above regard by Karl Gernetzky at BusinessLive

Get other news reports at the SA Labour News home page