Mogae fires parting shots as Ram prevails in fiery EGM :: Mmegi Online

Former president Festus Mogae quit the Choppies board late Wednesday evening, after an explosive nine-hour extraordinary general meeting (EGM) where warring directors crossed swords before anxious investors.

Suspended CEO, Ramachandran Ottapathu swept to victory in the EGM, being retained on the board by 52.05% of shareholders and securing approval of his handpicked nominees Tom Pritchard (77.75%) and Carol Jean Howard (51.2%). Ottapathu’s close ally and Choppies founder, Farouk Ismail was also retained in the board with 55% of votes in support.

Wilfred Mpai, Dorcas Kgosietsile, Ronald Tamale and Heinrich Standar, all members of the previous board, failed to secure reappointment, in a meeting marked by palpable tension between the board rivals. Standar remains Choppies chief financial officer but will not sit on the board.

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