Afrox appoints AECI executive member as MD - CNBC Africa

Afrox appoints AECI executive member as MD

Southern Africa

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Afrox is an industrial gases and welding products group. PHOTO: Afrox

JSE-listed African Oxygen (Afrox) has announced the appointment of Schalk Venter new managing director (MD).

Venter, who is currently managing director of AEL Mining Services (AELMS) and executive member of AECI, will also be appointed as director on Afrox’s board.

"In Schalk Venter, I believe we have the right mix of management and leadership skills and experience to enable Afrox to realise its plans to rightsize the group to reflect current market conditions,” said [DATA AFX:Afrox] chairman, Mike Huggon.

Venter joined Chemserve Systems in 1991 as a junior sales representative and went on to serve as managing director of a number of subsidiaries of the group, before he was promoted to the Chemical Services Executive and Board in 2006.

In 2010 he was promoted to the AECI Executive, and in 2012 promoted to managing director of AECI’s biggest subsidiary, AEL Mining Services.

“He has successfully led a number of high performing businesses and has wide experience of working successfully in a business transformation environment,” Huggon added.

(WATCH VIDEO: Behind Afrox’s CEO, CFO departures & restructuring)

“Afrox is currently undergoing a major restructure to reduce fixed costs and raise margins and the board feels Schalk can and will rapidly deliver a business that is structured for sustainable growth.”

Venter succeeds Brett Kimber and his appointment as managing director is effective from 18 May 2015.

Afrox, an industrial gases and welding products group, operates in South Africa and in 15 other countries in Africa.

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