ADvTECH CEO announces retirement

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Frank Thompson has announced his intention to step down as chief executive officer of ADvTECH Limited, effective 31 December 2014.

“It has been a pleasure and privilege to lead ADvTECH over this time. We have a great team of professionals at every level in our group and I am very proud of all they do for our students and employment candidates,” he said.

“The group’s roll out of new investments, which now total three billion rand, will deliver exciting real growth through the next decade. I look forward to continuing working with my colleagues next year at the same time as we achieve a successful management transition.”

Thompson’s extended notice period is expected to facilitate an orderly and well-planned transition process.

Leslie Maasdorp, chairman of the board, emphasised the board’s appreciation of his leadership of [DATA ADH:ADvTECH Limited] over the past 11 years.

“During his stewardship, the group has been transformed. Our schools and colleges continue to set the highest of standards and the group now holds leading positions in the provision of education and staffing throughout South Africa,” he said.

The board plans to make an appointment and implement a handover well in advance of Thompson stepping down in order to ensure a smooth transition.