JOHANNESBURG - AECI Limited, a South African chemical and mining company, announced the resignation of its Chief Financial Officer, Ms. Rochelle Gabriels, effective December 31, 2024. In accordance with JSE Limited Listings Requirements, the company has appointed Mr. Ian Kramer as the acting CFO for a six-month period starting on the same date.
Ms. Gabriels is set to step down from her role on mutually agreed terms and will aid in a structured handover to Mr. Kramer. She has pledged to support the acting CFO during the transition to ensure continuity.
Dr. Khotso Mokhele, Chairman of AECI, expressed gratitude for Gabriels' contributions, particularly during a transformational period for the company. He also highlighted the qualifications of Ian Kramer, who brings extensive experience from his previous role as Senior Vice President: Group Finance and Interim CFO at AngloGold Ashanti plc.
Kramer, a Chartered Accountant with a B.Com (Honours) Accountancy degree from the University of Pretoria, has a background in financial reporting, tax, risk management, IT, and treasury functions. His expertise is expected to provide stability and continuity for AECI as they continue to implement their growth strategy.
The company has initiated the process to find a permanent CFO and Executive Director and will inform shareholders and noteholders of the new appointment in due course.
This leadership change comes at a time when AECI is navigating through a challenging business environment. The company is known for its diversified portfolio of services and products, particularly in the mining and chemicals sectors.
The information regarding these executive changes is based on a press release statement from AECI Limited.
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