John Stuart resigns

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1 week 2 days ago #787148 by Bob Brogan
John Stuart resigns was created by Bob Brogan
Resignation of Chief Executive Officer:
Resignation of Chief Executive Officer

Phumelela Gaming & Leisure Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/016610/06)
Share code: PHM ISIN: ZAE000039269

RESIGNATION OF CHIEF EXECUTIVE OFFICER (“CEO”)



In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of directors
of Phumelela Gaming and Leisure Limited ("the Board") hereby notifies its shareholders that Mr John
Stuart is stepping down as CEO and as an executive director of Phumelela Gaming and Leisure Limited
(“the Company”) with immediate effect.


The Board and management team would like to thank John for his service in the horseracing and gaming
industry over the past 40 years.


Johannesburg
15 May 2020

Sponsor: Investec Bank Limited

Date: 15-05-2020 03:17:00
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1 week 2 days ago #787152 by flaunt
flaunt on topic John Stuart resigns
Out with the old and in with the new - part of the conditions

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1 week 2 days ago #787154 by Deputy Jud
Deputy Jud on topic John Stuart resigns
The worst CEO in the country as he took over
between him and Andy o Connor they “killed” Racing..
And then they took Edcon on to take over when Jan van riebeeck left
I say bring Jan van riebeeck back.

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1 week 1 day ago #787159 by oscar
oscar on topic John Stuart resigns
Lets hope it's not gonna be "same script different actors".

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1 week 1 day ago #787160 by RA Stranger
RA Stranger on topic John Stuart resigns
Good riddance, was CEO by pure default however did have a major influence for many years in promoting nepotism and cronyism at PHUM and associated racing entities.
The following user(s) said Thank You: Deputy Jud

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1 week 1 day ago #787205 by Deputy Jud
Deputy Jud on topic John Stuart resigns
Put in their by his buddies ..
We all know who should have been CEO when van Rie Beeck left but the difference between the two is the elected was share focused not racing focused, apart from one or two special appearances with his bald sidekick walking racecourses all over the country 🤣, I actually watched this joke, and what a joke it was, and then out came the Cheque book and it was party time. Let’s hope they sleep well knowing 30 000 or whatever the number is of staff and families are not earning salaries.. and im hearing they walked away with ffffff cash??? WTF!!!
@Andy O Connor - go to the Vaal racecourse now- Come see what we have train with.... it’s ffff up - but before you do, pay back the money they paid you last time to make suggestions!

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6 days 23 hours ago #787260 by Deputy Jud
Deputy Jud on topic John Stuart resigns
Phumelela’s Rob Scott has also resigned - wasn’t sure if it was official but hearing definitely gone!

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6 days 13 hours ago #787285 by RA Stranger
RA Stranger on topic John Stuart resigns
Good to know but most predictable as Rob Scott was a permanent fixture around Stuarts nether region

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6 days 13 hours ago #787287 by Over the Air
Over the Air on topic John Stuart resigns
In the greater scheme of things John Stuart is but the fall guy and the focus should firmly be on Rian du Plessis and Andreas Heide. These were the kingpins in destroying Phumelela.

Rob Scott was a nasty piece of work if you worked for him and weren't part of the drinking circle at a well known Northern suburbs sports club. The things I have heard about how he treated staff, he deserves whats coming his way.

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6 days 12 hours ago #787289 by RA Stranger
RA Stranger on topic John Stuart resigns
Rob Scott was heralded as a change maker when he was first employed and was supported by many. He however quickly fell in with the Jooste way of doing things and got most thick with Larry Wainstein and the path of least resistance by getting exposed among several other matters including the sectional timing invoicing debacle and that Formgrids copy job which under Scott was in the process of being to be blended into TT as part of a subscription package .

He also fiercely defended Stuart who aint no saint as his meddling and conniving at TT and other racing entities was very evident long before became CEO. He was the one that was always conducting underhanded interviews and talking devious strategies at his favorite watering hole just off Rivonia road.

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