Gupta’s Oakbay Resources gets new CEO
Oakbay Resources on Tuesday announced a new CEO following the abrupt resignation of Varun Gupta from the position last month.
“Oakbay Resources is pleased to announce that, following a Nominations Committee process, the Board has appointed Mr Jacques Roux as the CEO of the Company with immediate effect,” the company said via JSE-SENS.
Varun resigned from Oakbay together with his brother, Atul Gupta, and Duduzane Zuma, the son of President Jacob Zuma.
This was after the controversial Gupta family business came under fire stemming from accusations of involvement in state “capture” allegedly using their close proximity to President Zuma.
The Guptas were also accused of “offering” cabinet positions to African National Congress cadres who were allegedly willing to further their business interests.
The Gupta brothers left for Dubai after their resignation from Oakbay Resources, though it was still unclear whether or not their relocation was permanent.
On Tuesday Oakbay said Roux has “broad commercial acumen” and extensive experience in the mining sector including platinum group metals, chrome and coal.
“He has previously held the position of Chief Executive Officer of JIC Mining Services. In June 2015, he was entrusted with executive accountability for the Oakbay Group’s coal mining operations at Brakfontein Colliery near Delmas,” Oakbay said.
The board congratulated Roux on his appointment and said it was looking forward to his valuable contribution to the company.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation