Benjamin Trisk resigned as CEO in April and has already left the stationery store, the company said Friday.
But, according to Trisk, he has not resigned and has made it “very clear.”
On Saturday he told Fin24 that “there was no letter of resignation” and that there was no demand for compensation for his departure.
CNA Director Rob Shortt told Fin24 that Trisk resigned on April 19 and was accepted by the retailer’s board. Shortt said his last day at the company was May 19th.
Trisk, however, states that his “vision for the company to succeed is still intact.”
He also described the situation as “toxic”, saying “none of us believe it”.
“However, it is disappointing that in the task of building the organization, since it acquired it at a very uncertain time in our country, we would have reached another difficult obstacle. I am still optimistic that we will overcome the current challenges and I am currently committed to the company’s board of directors reaching an agreement on these, ”he said.
In response to Trisk’s denial that he had resigned, Shortt said the matter could be scaled up legally.
“We are on the side of our statement. Benjamin has resigned and we have accepted his resignation. If he thinks our opinion is wrong, he should take the matter to another forum, either the CCMA or the Labor Court. The directors they remain committed to the well-being of the business, ”Shortt said.
The board had previously accused Trisk of trying to put the company on business bailout without consulting them, a claim it dismissed at the time as “complete rubbish”, as he said the board had discussed the matter on 30 of March.
Shortt declined to comment on whether CNA will request the business bailout.
When news of the total fight between Trisk and the board of directors was reported in early May, the company’s largest shareholder was rescued.
Investment company Astoria announced at the time that it was selling its stake in CNA Holdings to management. Just over a year ago, Astoria bought 70% of CNA from Edcon for R1.2 million. Astoria said he received the same amount for his participation.
Shortt confirmed to Fin24 on Friday that Trisk was still a shareholder in CNA. Trisk, the former CEO of Exclusive Books, owns 30% of CNA.
News24 recently reported on court documents detailing the serious charges Trisk held during his time at Exclusive Books.
These include an unauthorized pay rise, a series of cash advances, and gentleman expenses with the company’s credit card.