The board of Liberty Holdings announced that David Munro, the current Chief Executive of Standard Bank Group's Corporate & Investment Banking division and a current Non-executive Director of Liberty Holdings, will assume the role of Chief Executive Officer of the company, effective immediately. This follows the resignation of Mr. Thabo Dloti from the Board with immediate effect. Thabo is leaving the company following a difference of opinion with the Board on the immediate focus of the company at a time when the organisation is facing tough operational and environmental challenges.