Board Shake-Up at RFG Holdings as Key Directors Retire and New Appointments Take Charge

  • Mr. Mark Bower retires after 9 years on the Board of RFG Holdings Limited.
  • Mr. Thabo Leeuw appointed as Lead Independent Director.
  • Ms. Sharron Naidoo assumes role as Chairperson of Audit, Risk, and IT Committee.
RFG Group

RFG Holdings Limited has made significant announcements regarding the composition of its board of directors. In accordance with the JSE Limited Listings Requirements, the company’s board confirmed the retirement of Mr. Mark Bower as a non-executive director, effective from 30 June 2023, after serving on the board for nine years.

Mr. Bower’s retirement marks the end of an era for RFG Holdings Limited, as he has played a pivotal role in shaping the company’s trajectory and success. The board expressed its deep appreciation for Mr. Bower’s unwavering commitment and invaluable contributions throughout his tenure.

To ensure a smooth transition and maintain strong corporate governance, several changes have been made to the board, effective from 1 July 2023. These changes include the appointment of key individuals to critical positions within the company.

Firstly, Mr. Thabo Leeuw, a highly accomplished professional with extensive industry experience, has been appointed as the new Lead Independent Director. His appointment brings a wealth of expertise and leadership qualities that will further fortify the board’s decision-making processes.

Additionally, Ms. Sharron Naidoo, a distinguished professional renowned for her accomplishments, will assume the role of Chairperson of the Audit, Risk and Information Technology Committee. With her deep understanding of financial matters and risk management, Ms. Naidoo is poised to enhance the committee’s effectiveness in overseeing crucial aspects of the company’s operations.

Moreover, Ms. Naidoo will also join the Nominations Committee, contributing her expertise and insights to the evaluation of board appointments and nominations. This dual role underscores her exceptional capabilities and demonstrates the company’s confidence in her abilities.

Furthermore, Ms. Bongiwe Njobe, a respected professional specializing in human resources and talent management, has been appointed as a member of the Remuneration Committee. Her appointment is expected to ensure fair and appropriate remuneration practices within the organization.

In response to the resignation of Mr. Bruce Henderson on 30 April 2023, the company has appointed Mr. Garth Willis as a member of the Social and Ethics Committee, effective from 1 July 2023. Mr. Willis, known for his commitment to corporate social responsibility, will bring fresh perspectives and insights to the committee’s work, aligning the company with its values and societal obligations.



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