Denel has parted ways with its Group Chief Financial Officer, Mr Odwa Mhlwana, following a disciplinary process that dealt with various allegations relating to mismanagement.
This signifies one of the key steps that the Board of Denel has taken to stabilize the business and ensure effective oversight over the company since its appointment in April.
An external candidate Mr Willem Abraham De Klerk, otherwise known as “Wim” has been appointed as an interim Group Chief Financial Officer (GCFO). His appointment is with immediate effect and critical in strengthening the executive management capacity of the company. De Klerk is a certified Chartered Accountant with postgraduate Executive Programmes from Darden and Harvard. He joins Denel having recently vacated a Chief Executive Officer position at Arcellor Mittal SA.
De Klerk’s interim appointment, is intended to help build and strengthen a sound internal control environment to enable Denel to restore its position as a strategic national asset and a credible industry leader to key stakeholders.
