Necsa board axed and chief executive suspended
The entire Necsa board of directors was fired and the chief executive suspended on Friday.
Minister of Energy, Jeff Radebe said during a press conference that the government had replaced the entire board of directors of Necsa and suspended its chief executive because of problems with how it was governed, Kormorant reports.
“The Necsa board failed to execute its statutory mandate in a satisfactory and prudent manner,” Radebe said.
According to Radebe, board members had shown “ineptitude and deliberate acts of defiance”, resulting in setbacks and a halt in production of radioisotopes at the NTP subsidiary.
Necsa exports medical radioisotopes.
Former Necsa executive and director of the Square Kilometer Array radio-telescope in South Africa, Rob Adam, will once again head the new board of directors. Adam was the CEO at Necsa from 2006 to 2012.
Read original story on kormorant.co.za
