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SAA Chief Strategy Officer Barry Parsons Resigns over Dysfunctional Board

SAA Chief Strategy Officer Barry Parsons Resigns over Dysfunctional Board

Old Jul 24, 15, 3:59 pm
  #1  
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SAA Chief Strategy Officer Barry Parsons Resigns over Dysfunctional Board

"In what appears to be his resignation letter to acting CEO Nico Bezuidenhout, Parsons hit out at the board, saying he has "lost all confidence in the board to lead and progress the business". He also says the board is "dysfunctional" and that its integrity has been "compromised".

"Unfortunately, I have lost all confidence in the board to lead and progress the business, and when I look at the 2015 corporate plan and the priorities the board seem to have, since the plan was submitted on 30 April 2014, I cannot reconcile the two."

Parsons went on to say in the letter that central to his decision were major interventions in the supply chain by individual non-executive directors. These things included fuel, debt finance and other services like ground handling, which were "thinly veiled as additional transformation requirements".
"

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Johan
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Old Jul 26, 15, 1:51 pm
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such a pity, Barry was an exceptional asset to SAA.

I doubt Nico and his abilities or lack thereof
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