Moloko re­tires as chair­per­son

The Star Early Edition - - COMPANIES - – Di­neo Faku

JSE-LISTED Alexan­der Forbes has an­nounced the re­tire­ment of non-ex­ec­u­tive chair­per­son Sello Moloko with ef­fect from Au­gust 31 af­ter 10 years of ser­vice. The fi­nan­cial ser­vices group has ap­pointed in­de­pen­dent non-ex­ec­u­tive di­rec­tor Moses Kgosana as its in­de­pen­dent chair­per­son, with ef­fect from the same date. “To­gether with the board and ex­ec­u­tive man­age­ment team, I am proud to have steered the group through a chal­leng­ing yet trans­for­ma­tive decade, dur­ing which we ex­pe­ri­enced the global fi­nan­cial cri­sis, sig­nif­i­cant pri­vate eq­uity in­vest­ment, the group’s re-list­ing on the JSE, and the se­cur­ing of Mercer as a strate­gic share­holder,” Moloko said in a state­ment. Moloko is the co-founder and chair­per­son of the Th­e­sele Group, a black-owned in­vest­ment hold­ing com­pany. Alexan­der Forbes also an­nounced the res­ig­na­tion of group com­pany sec­re­tary Jan­ice Sal­vado with ef­fect from June 30. “Sal­vado leaves the group af­ter 18 years’ ser­vice, in or­der to pur­sue other op­por­tu­ni­ties, but has agreed to stay with the group in an ad­vi­sory ca­pac­ity to pro­vide coun­sel as needed,” the com­pany said. Ca­rina Wes­sels will join Alexan­der Forbes as group com­pany sec­re­tary with ef­fect from Oc­to­ber 1, from JSE-listed Exxaro Re­sources, which has in­ter­ests in South Africa, Europe and the US.

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