PBMR chief steps down
09 March 2010
Jaco Kriek has resigned as CEO of PBMR Pty Ltd. The announcement comes weeks after South African government funding for the development of the pebble bed modular reactor (PBMR) was withdrawn, leaving the company facing large-scale restructuring and cuts of 75% to its 800 staff. Kriek, who has been CEO of PBMR Pty for the past six years, will assist with a hand-over process and continue to assist with specific PBMR activities over the next few months. Alex Tsela, the company's current general manager for nuclear compliance assurance, has been appointed as the acting CEO.