The group said 50-year-old Sardi was brought in to steer a turnaround strategy after months of pressure that saw Thomsen walking the plank, as the results for the six months to December 2018 tilted the stock over the edge.
“Mark has extensive experience in senior leadership positions in investment banking, the pharmaceutical industry and the retail sector, with a strong track record in strategic, operational and financial management in large listed and unlisted companies.
“Mark is well equipped to lead Ascendis Health where the priorities are to turn around under-performing businesses, dispose of non-core assets, reduce gearing and improve cash management, while capitalising on the strong brand portfolio to generate organic sales growth,” Ascendis chairperson Andrew Marshall said in a statement yesterday.
A chartered accountant, Sardi has served as managing director and joint head of investment banking at Nedbank Capital for five years. He joined Truworths International as chief financial officer in 2010 with responsibility for finance, governance, African expansion, business development and investor relations.