Cashbuild Appoints New CFO and Announces Board Changes Amid Strong Performance

  • Appointment of Hanré Bester: Named new CFO effective July 1, 2024, replacing Etienne Prowse.
  • Board Committee Changes: Bester appointed to IT Governance and Investment Committees, succeeding Prowse.
  • Strategic Implications: Enhances governance and investment oversight amidst Cashbuild's growth trajectory.

Cashbuild Limited has announced changes to its board committees following the recent retirement of its Chief Financial Officer (CFO), Mr. Etienne Prowse. The changes, effective July 1, 2024, include the appointment of Mr. Hanré Bester as both the new CFO and a member of key board committees.

New CFO Appointment

In the announcement made earlier, Mr. Prowse’s retirement as CFO was confirmed. Mr. Hanré Bester was named his successor effective July 1, 2024. The company’s board has now further solidified Mr. Bester’s role by assigning him to additional responsibilities within the board committees.

Previous Announcements

  • November 28, 2023: Retirement of Mr. Etienne Prowse announced.
  • April 29, 2024: Mr. Hanré Bester appointed as CFO effective July 1, 2024.

Board Committees

With the new appointment, Mr. Bester will now serve on the IT Governance Committee and the Investment Committee. These positions were previously held by Mr. Prowse. This strategic move aligns with Cashbuild’s commitment to maintaining strong governance and sound investment strategies.

Committee Appointments Effective July 1, 2024

CommitteePrevious MemberNew Member
IT Governance CommitteeMr. Etienne ProwseMr. Hanré Bester
Investment CommitteeMr. Etienne ProwseMr. Hanré Bester

Conclusion

The changes in Cashbuild’s board committees come at a significant time as the company navigates the post-retirement phase of a long-serving CFO. The appointment of Mr. Bester to these vital roles is expected to enhance the company’s strategic oversight and governance capabilities.

As Cashbuild continues to grow and adapt to market changes, the strengthened board committees will play a crucial role in guiding its future directions. The company remains committed to delivering value to its shareholders and stakeholders through prudent governance and strategic investments.


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