As mentioned at the annual general meeting, Esor Limited announced to capitalise on its current period of consolidation to effect a long-planned restructure of the board. The initiative is now opportune given that the group has emerged from a challenging three year period well-positioned to achieve future growth objectives. In order to facilitate seamless continuity, the restructure will be phased in over the next six to eight months.

Chairman, Dave Thompson (78), and independent non-executive director, Franklin Sonn (74), have for some time indicated their respective intention to retire. The company reported that Group CEO, Bernie Krone (61), will step into the non-executive role of Group Chairman, while Group CFO, Wessel van Zyl (47), will be appointed CEO in his stead and a new Group CFO will be appointed. The move is in line with Bernie's initial commitment on appointment to lead the company through ten results cycles.

The company also intended that Franklin Sonn will be succeeded by Heather Sonn as an independent non-executive director. Heather has a wealth of experience having held senior executive positions in investment management, stock-broking and banking in the US, UK and South Africa and is currently Managing Director of Gamiro Investment Holdings, which is focused on the renewable energy, agriculture and financial services sectors.