AVI Limited Shakes Up Board: Resignation and New Appointments Drive Leadership Transformation

  • Mr. JR Hersov resigns as a non-executive director after extended tenure.
  • Ms. Maserame Mouyeme appointed as a new non-executive director, effective August 1, 2023.
  • Mr. MJ Watters joins the Remuneration, Nomination, and Appointments Committee.

AVI Limited (Registration Number 1944/017201/06, Share Code: AVI, ISIN: ZAE000049433) recently made significant changes to its board of directors and board committees. The company announced the resignation of Mr. JR Hersov as a non-executive director, while also revealing the appointment of Ms. Maserame Mouyeme as a non-executive director and the addition of Mr. MJ Watters to a key committee.

Mr. JR Hersov, a longstanding member of AVI Limited’s Board of Directors, has decided to step down from his position, effective from 3 July 2023. Hersov’s departure comes after an extended tenure on the Board, during which he made significant contributions to the company’s growth and success. AVI Limited expressed its appreciation for Hersov’s dedication and the valuable insights he brought to the Board and extended their best wishes for his future endeavors.

AVI Limited is pleased to welcome Ms. Maserame Mouyeme as the newest addition to its Board of Directors. Mouyeme will join the company as a non-executive director and member of the Audit and Risk Committee, beginning on 1 August 2023. With a notable career at Old Mutual, where she served as a group executive director since 2020, Mouyeme brings a wealth of experience and expertise to AVI Limited. Her responsibilities at Old Mutual involved overseeing marketing, public affairs, and sustainability functions across 13 countries in Sub Saharan Africa. Prior to her role at Old Mutual, she held key positions at Coca-Cola Africa, Unilever, and Kellogg’s. Mouyeme’s extensive industry knowledge and strategic acumen will be instrumental in AVI Limited’s continued growth and market leadership.

Maserame Mouyeme holds an MBA from the University of West London and a Bachelor of Social Sciences degree from the University of Cape Town, further cementing her qualifications and commitment to excellence.

In addition to Mouyeme’s appointment, AVI Limited has appointed Mr. MJ Watters to the Remuneration, Nomination, and Appointments Committee, effective from 1 July 2023. Watters will bring his expertise to the committee, which plays a vital role in overseeing executive remuneration policies, nomination processes, and key appointments within the company. AVI Limited’s decision to include Watters in this committee underscores their commitment to transparency, fairness, and best practices in corporate governance.

Abe Thebyane, Chairman of the Remuneration Committee, expressed confidence in Mr. Watters’ appointment, emphasizing the committee’s dedication to upholding high standards and promoting equitable remuneration practices.

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