This after the PIC board on Friday deliberated on the letter from the long-serving chief executive expressing his intention to resign.
The board of Africa's largest asset manager resolved that in the interest of the PIC as well as that of the chief executive, it would accept his resignation with immediate effect.
In a letter addressed to PIC staff chairperson Mondli Gungubele stated:
“After careful consideration of this correspondence, I regret to inform you that the board resolved that in the chief executive's interest and that of the PIC it accepts the resignation with immediate effect.
“The board further resolved that More as the executive director and chief financial officer will act as the chief executive officer....
Photo - http://v.duta.us/mmM78QAA
Click here to read more— - http://v.duta.us/jMOpCgAA