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Oakbay CEO Nazeem Howa resigns

Oakbay Investments chief executive Nazeem Howa has handed in his resignation with immediate effect.

"After a period of illness, Mr Howa has stepped down from his duties at Oakbay due to health issues and medical advice," the company announced in a press statement.

Ronica Ragavan, the current Financial Director of Oakbay, will assume the role of Acting Chief Executive Officer, whilst the Company searches for a permanent successor.

“Nazeem has been an outstanding CEO for Oakbay and embodied the company’s philosophy of hard work, innovative thinking, job creation and disruption where disruption creates value,” Ragavan said.

“It has been a honour and a privilege to lead such a talented group of co-workers. In time, Oakbay will be recognised as the type of company SA needs: innovative, job-creating, tax paying and law-abiding. I look forward to that day,” said Howa.

 

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