Under-fire listed technology group, EOH, on Wednesday (13 December) announced the return of former CEO and company founder, Asher Bohbot.
The company has recently faced allegations of government tender irregularity, which has prompted a massive slump in its share price. On Wednesday however, the group added R7.66 or 15.63% to R56.67, having dropped to a low of R45 last week.
Zunaid Mayet, CEO of EOH, said in a statement that Bohbot will return to the business on a full-time contract, to focus on strategy and stakeholder management.
“The intention was always that Asher would return at the end of his six month sabbatical, having stepped down as CEO in May this year. Asher brings extensive experience and depth of knowledge to the business, which will be extremely valuable, so I’m most grateful that he’s agreed to join us for a period on a full-time basis,” Mayet said.
The appointment is effective immediately.