Alexander Forbes dismisses CEO

September 26, 2018

 

Following the dismissal of CEO Andrew Darfoor yesterday, Alexander Forbes shares jumped as much as 8%. 

 

The board of Alexander Forbes said it terminated Andrew Darfoor's services due to a "loss of confidence and trust".

 

This follows several months of a high number of staff exits that formed part of a restructuring of the group.

 

In it's SENS announcement on 25 September 2018 8:54, they state the following:

 

"Shareholders are advised that the board has, resulting from a loss of confidence and trust, terminated the services of Mr AA Darfoor as Group Chief Executive and Director of the Company with