Denel appoints acting group CEO

Talib Sadik has been appointed to the position of acting group chief executive officer of Denel, the board said today. The appointment would take effect from June 1 this year.

Sadik is currently the group's financial director and an executive member of the board. Sadik would succeed Shaun Liebenberg who earlier announced that he was leaving Denel after the completion of his three year employment contract.

"Sadik is experienced and has been part of the team at Denel for two years. As the Board, we have confidence in his ability to successfully lead Denel in continuing to implement its strategy and further improve on the performance of the Denel group," said chairman of Denel, Dr Sibusiso Sibisi. - Sapa