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This case study focuses on the decision that Phil Roux, CEO of Nampak, faces in May 2025. Roux questions what his priorities should be in the final phase of his tenure as CEO. He had led Nampak, the leading packaging company across the African continent, through its turnaround. To demonstrate successful turnaround leadership, the case begins by briefly tracing Nampak’s history and resultant risks, and explains market complexities and the company’s ultimate decline. The decline provoked interventions from shareholders and lenders. When shareholders stepped in to call for the rescue of the business, the case focuses on Roux, a seasoned...

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