S.Africa’s Aveng group appoints CEO - CNBC Africa

S.Africa’s Aveng group appoints CEO

Southern Africa

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Aveng Limited is a South African construction, infrastructure and engineering group. PHOTO: Getty Images

“Kobus [Verster] has extensive experience in the steel and mining sectors and since joining Aveng has developed detailed insight into the group’s operations and their opportunities and constraints,” Aveng Limited said.

“Verster has not relinquished his statutory duties in terms of Section 3.84(g) and will continue in his capacity as acting financial director until a new financial director is employed. The process to appoint a new financial director is underway.”

Verster joined [DATA AEG:Aveng Limited] in September 2010 as financial director. He was then appointed as acting CEO in August 2013, following the departure of former CEO Roger Jardine.

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“The board considered a number of candidates, both locally and internationally but believes that this is the right appointment to take Aveng forward on a path to growth and improved performance. I would like to congratulate Kobus on his appointment and look forward to working with him,” said chairman of the board Angus Band.

The South African construction, infrastructure and engineering group had reported a revenue increase of 27 per cent to 51.7 billion rand for the period ended 30 June 2013 from 40.8 billion rand for the same period in 2012.

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