Updated: Jag Sanger removed as MD from The Market Herald, placed on leave

The Market Herald’s board has removed Jag Sanger as the managing director of the company. Sanger, however, remains a non-executive director.

In an ASX announcement released this evening, the board said: “Mr Sanger has been placed on leave and during that time will not be performing an executive role in the company. The action has been taken following a review of company operations and ongoing discussions within the board on the future direction of the company.”

Tommy Logtenberg has been appointed as acting chief executive officer with immediate effect, while the company commences a search for a suitable replacement for the role of managing director, the release said.