Business News
CEO of South Africa's transport parastatal Transnet resigns
Nov 21, 2008, 11:55 GMT
Johannesburg - The chief executive of South Africa's transport parastatal Transnet, Maria Ramos, on Friday announced plans to leave the company at the end of February 2009.
Since taking the job in 2003, Ramos has turned around the once-loss-making, heavily-indebted company, which manages the country's ports, oil and gas pipelines and freight rail.
Portuguese-born Ramos, 49, said the decision to depart had been one of the toughest decisions she had taken.
'I believe this is the right time to depart the centre stage as the company is now ready for change and renewal.'
Her future plans would be revealed 'in due course.'
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
