EOH founder and chair resigns

20th February 2019

By: Reuters

  

Font size: - +

South Africa's largest technology group EOH Holdings said on Wednesday its founder and CEO Asher Bohbot would resign from the board, effective February 28.

The resignation of Bohbot, who has been at the helm for 19 years, comes days after Microsoft terminated its channel partner agreement with EOH Mthombo, a unit of EOH.

EOH, which announced more board changes, did not give a reason for Bohbot's exit from the board in its statement.

Shares of the information technology company have plunged over 45% since Microsoft scrapped the agreement on February 12.

"I have confidence in EOH's management and believe that the new strategy, which is in advanced stages of implementation, will be beneficial to all our stakeholders," said Bohbot.

EOH said last week that Microsoft had not officially provided any confirmation for the termination of the agreement and EOH had launched an investigation to look at historical licensing contracts in the public sector space.

Edited by Reuters

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION