Alexander Forbes's Kieswetter steps down - CNBC Africa

Alexander Forbes's Kieswetter steps down

Southern Africa

by Trust Matsilele 0

Alexander Forbes group CEO steps down. PHOTO: Flickr

Alexander Forbes's Edward Kieswetter has stepped down from the company effective from February 08, 2016. 

Kieswetter who is also an Independent Non-Executive Director of Shoprite Holdings Limited opted for early retirement to pursue other interests.

According to reports, Kieswetter approached board indicating that he wishes to retire from company at end of march 2017

Reuters reported that, Sello Moloko, board's non-executive chairman will act as executive chairman until a new group chief executive is appointed.

"Deon Viljoen, group chief financial officer, has agreed to assume role of interim group chief executive, with immediate effect," added Reuters.