Suspended Exxaro CEO Tsengwa Resigns Following Allegations
- CEO criticized the handling of the company’s investigation
- Firm placed Tsengwa on precautionary suspension in December
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The suspended chief executive officer of South African coal producer Exxaro Resources Ltd. resigned over the handling of a probe into allegations over her conduct.
Nombasa Tsengwa submitted her resignation in a Feb. 5 letter seen by Bloomberg News. The company accepted her move and will start an expedited process to appoint a new CEO, Chairman Geoffrey Qhena said in a statement Thursday, adding that Finance Director Riaan Koppeschaar will remain as acting chief.