Moloko retires as chairperson
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.