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JSE-listed Bytes, a former subsidiary of Altron, has appointed the MD of its Phoenix Software business, Sam Mudd, as its new CEO following the shock departure of Neil Murphy in February.
Mudd has been serving as interim CEO following the surprise resignation of Murphy, who admitted to a string of undisclosed share trades. The company has described his actions as "hard to comprehend" and subsequently said in March that it transpired that Murphy had engaged in unauthorised and undisclosed trading on 66 trading days between 6 January 2021 to 10 November 2023, totalling 119 transactions.
Further trades occurred in 2024, but this had meant three years of annual reports to 2023 included incorrect information about directors' dealings.
