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The board of directors of the Public Investment Corporation (PIC) has appointed its chief financial officer Batandwa Damoyi as acting CEO with immediate effect, it announced in a statement on Wednesday afternoon.<\/p>\n
This follows the precautionary suspension of Patrick Dlamini, the PIC CEO.<\/p>\n
Read:
Two directors resign after FSCA launches PIC investigation
PIC CEO Patrick Dlamini suspended amid whistleblower allegations<\/p>\n
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\u201cThe Board believes Ms Damoyi\u2019s appointment will ensure continuity of leadership and the uninterrupted execution of the PIC\u2019s mandate, while the relevant internal processes are underway,\u201d the state-owned asset manager said.<\/p>\n
Damoyi is a chartered accountant (CA) (SA) with more than 17 years of executive leadership experience in financial management, governance, and strategic leadership across the public and private sectors.<\/p>\n
Since joining the PIC as CFO in April 2024, she has played a key role in strengthening the asset manager\u2019s financial stewardship and governance, it adds.<\/p>\n
\u201cThe Board is confident that Ms. Damoyi will provide the leadership and stability required to ensure the PIC continues to serve its clients and stakeholders with integrity and excellence.\u201d<\/p>\n
Read\/listen:<\/p>\n
PIC rocked by governance woes \u2026 again
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#Batandwa #Damoyi #appointed #acting #PIC #CEO<\/p>\n","protected":false},"excerpt":{"rendered":"
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