Redefine reshuffles its board and executive team - CNBC Africa

Redefine reshuffles its board and executive team

Southern Africa

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Redefine has developed several buildings in Sandton City. PHOTO:

With immediate effect, Marc Wainer has been appointed at executive chairmen of the company, succeeding Dines Gihwala who resigned for personal reason in June 2014 while Andrew Konig, Redefine’s financial director has been promoted to chief executive officer (CEO) of the group, succeeding Wainer.

“Marc has played a central leadership role in Redefine, and we will continue to benefit from his visionary skills, vast property experience and significant deal making expertise,” said Konig.

[DATA RDF:Redefine Properties Limited] said that Wainer will play an important role in supporting group investor relations, diversifying Redefine’s property asset base and providing mentorship to Konig who will manage the daily activities of the group.

(WATCH VIDEORedefine refines property portfolio )

Mike Watters, CEO of [DATA RPL:Redefine International Plc]l has also joined the board as a non-executive director.

“Redefine International PLC remains a key international investment for Redefine. Given its strategic importance, and Mike’s wealth of property and corporate finance experience, he will be an asset for Redefine’s board,” added Wainer.

(WATCH VIDEO:  Redefine Int declares H1 distribution of 1.55 pence per share)

“The new board structure positions Redefine to continue meeting challenges and exploiting opportunities with a strong management team and board. We’re delighted to appoint Andrew as CEO- his skills, expertise, experience and knowledge of the group are invaluable to take Redefine forward.”