Financially-embattled State-owned defence industrial group Denel announced on Monday that Talib Sadik had been appointed as its interim CEO. This is the second time that Sadik, a Chartered Accountant (SA), has headed the group. He was Denel CEO from 2008 to 2012. In its press release, the group stated that Sadik had been working with the Denel board in drawing up the turnaround plan for the entity. Consequently, affirmed the company, this “positions him well for a seamless transition”.
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