The Board of Cashbuild announced that its Non-Executive Chairman, Mr. Donald Masson has notified the board that he will be retiring as chairman at the end of November 2015 after serving as chairman for nearly 20 years. Mr. Masson will make himself available for re-election as an independent non-executive director of Cashbuild. Mr. Stefan Fourie, current independent non-executive director and chairman of the Audit and Risk committee of Cashbuild has been appointed as the chairman of the board with effect from December 1, 2015.

In line with good corporate governance principles, Mr. Fourie will step down as chairman and member of the Audit and Risk committee and will be succeeded by Mrs. Hester Hickey, current independent non-executive director and member of audit and risk committee.