Shareholders are advised that Ivor Klitzner will be stepping down as group CFO and financial director, and will be resigning from the boards of CIG, Consolidated Power Projects Group South Africa (Pty) Ltd. and the other CIG group companies, with effect from 6 November 2018.
The board announces that Sean Jelley will be appointed to the role of acting CFO, for a six-month period, commencing on 7 November 2018, during which time the board will embark upon a process of appointing a suitable replacement and expects to make an announcement in this regard in the near future. Sean was previously the CFO of Sandown Capital Ltd. and has over 20 years of board level experience in the financial services industry as well as co- managing partner of a successful private equity fund.
The board also announces that Mr Johnny Dladla will be appointed as CEO of Consolidated Power Projects Ltd. (“CONCO”), with effect from 1 November 2018. Johnny previously held the position of CEO of Eskom’s Rotek Industries and was, for a period, the acting CEO of Eskom. Over the course of his career, Johnny has spent over 20 years with Eskom.
David van Zyl, the current CEO of CONCO will be stepping aside from the role of CEO to take on the newly created role of Director for Innovation and Sustainability
The board confirms that the provisional results for the year ended 31 August 2018 will be released on or about 21 November 2018 and the audited annual financial statements for the year ended 31 August 2018 will be released before the end of December 2018.