Re­in­forc­ing the faith

Financial Mail - - COVER STORY - Hasen­

At the time of go­ing to press, In­victa made key changes to its ex­ec­u­tive team, re­in­forc­ing faith in the ex­ec­u­tives who ap­pear to be mixed up in a re­portable ir­reg­u­lar­ity.

The board changes were trig­gered af­ter the res­ig­na­tion of By­ron Nich­les, the ex­ec­u­tive in charge of In­victa’s Engi­neer­ing Con­sum­ables di­vi­sion (which in­cludes Bear­ing Man Group), who suf­fered a heart attack ear­lier this year.

Nich­les, who was ap­pointed to In­victa in Septem­ber 2014, will re­lo­cate to Cape Town with his fam­ily “in order to pur­sue a new and more bal­anced life­style”. He will re­main a non-ex­ec­u­tive direc­tor.

Charles Wal­ters, the CEO of In­victa, will take up the role of ex­ec­u­tive chair­man of In­victa’s Engi­neer­ing Con­sum­ables busi­ness. He was the CEO of this di­vi­sion for eight years prior to his ap­point­ment as In­victa CEO.

Arnold Gold­stone, the ex­ec­u­tive deputy chair­man of In­victa, will as­sume the role of ex­ec­u­tive chair­man of In­victa’s Cap­i­tal Equip­ment Group and Build­ing Sup­plies Group.

By­ron Nich­les Re­signed but will re­main a nonex­ec­u­tive direc­tor

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.