Fin24 reports that state-owned arms manufacturer Denel announced on Monday that it had appointed Carmen le Grange as its new group chief financial officer, adding that she would help improve its culture of corporate governance.
Le Grange's appointment comes 10 days after the company was granted a R1.8 billion lifeline. She will oversee the financial affairs of the group, and work on improving Denel's audit results, financial systems and capability. In a statement, Denel group CEO Danie du Toit said Le Grange's appointment came as the group was beginning to see improvements in corporate governance. Government’s recent decision to recapitalise the organisation would put Denel on a sustainable growth path, he opined. Du Toit described La Grange as a "seasoned chartered accountant". She worked as a partner at PwC for more than a decade before founding an advisory consulting practice.
- Read the original of the above report by Khulekani Magubane at Fin24
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