Global industrial group Barloworld’s CEO Clive Thomson will step down next year. Thomson who has been with the group for a decade will hand the baton to Dominic Sewela at the industrials’ next annual general meeting to be held on 8 February 2017.

Sewela, who was appointed as Deputy Chief Executive of Barloworld on 1 March 2016 as part of a structured succession plan, became CEO-designate on 1^st October.

Sewela joined the Barloworld board on 19^th March 2014, seven years after joining the industrial group as Chief Executive Officer of the Barloworld Equipment South Africa division. On 1 October 2013 Sewela was appointed CEO of Equipment southern Africa. Prior to joining Barloworld, he was Deputy Managing Director of Afgri Limited.

 At 16h36 CAT the company’s share price was up 3 per cent to R85.77.