BRIEF-Adcorp Says CEO Innocent Dutiro Resigned

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BRIEF-Adcorp Says CEO Innocent Dutiro Resigned
Credit: © Reuters.

Oct 9 (Reuters) - Adcorp Holdings Ltd ADRJ.J :

* RESIGNATION OF CHIEF EXECUTIVE OFFICER

* INNOCENT DUTIRO HAS RESIGNED AS CEO OF ADCORP, EFFECTIVE 8 OCTOBER 2019

* CHERYL-JANE KUJENGA, COMPANY'S CHIEF FINANCIAL OFFICER WILL SERVE AS INTERIM CEO

* ACTIVELY RESPONDING TO POOR TRADING STATEMENT RECENTLY RELEASED BY GROUP

* CORRECTIVE MEASURES INCLUDE IMMEDIATE SEARCH FOR A CEO THAT WILL ASSIST GROUP WITH ITS NEXT CHAPTER

* CORRECTIVE MEASURES INCLUDE REVIEW OF GROUP'S STRATEGY, REVIEW OF CURRENT GROUP INITIATIVES

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