Meikles Limited is embroiled in a serious boardroom wrangle following recent executive appointments, which could lead to costly legal battles and reputational damage.
The group announced the appointment of Mathew Moxon as acting chief executive on October 4, 2024, demoting Malcolm Mycroft back to his previous role as managing director of TM Pick n Pay, the unit responsible for 98 percent of the group’s revenue.
This decision upset chairman John Moxon, who questioned the legality of the October 1, 2024 board meeting that resulted in his son Matthew’s promotion.