Excelsior Capital Limited announced that Jakov Males will step down as an Executive Director of the company effective immediately. Company's board has resolved that for continuity of ongoing Company matters, it will reappoint Danny Herceg to the Board on an interim basis. Danny Herceg will be re-appointed as a Non-Executive Director. Danny has previously served on the Board of ECL for over 9 years. Danny is a senior corporate and commercial lawyer, focusing on initial public offerings, secondary market capital raisings, capital market divestments, public and private M&A, strategic divestments and restructures, demergers, takeover defences and commercial negotiations.