S.Africa's Adcock Ingram CEO resigns - CNBC Africa

S.Africa's Adcock Ingram CEO resigns

Southern Africa

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Jonathan Louw has resigned as Adcock Ingram CEO. PHOTO: The New Age

This move was widely expected as the drugmaker's biggest shareholder signalled it wanted a leadership change.

(READ MORE: Bidvest & PIC bully Adcock's board)

Jonathan Louw, who had been at helm since 2008, will step down with immediate effect.

(WATCH VIDEO: Corporate Governance & the rights of minority shareholders)

Louw is the latest top official to step down at [DATA AIP:Adcock Ingram Holdings LTD.] after the firm's biggest shareholder, Bidvest Group, helped oust Chairman Khotso Mokhele in February.