Huge Group Ltd. Revamps Board Composition, Welcomes New Directors

Huge Group Limited
  • Huge Group Limited announces changes to its board of directors and committees.
  • Maria Heraty and Mary-Ann Boakye join Huge Group’s board as newly appointed directors.
  • The company emphasizes its commitment to strengthening leadership and governance to drive strategic decision-making and operational excellence.

Huge Group Limited (HUG) revealed significant changes to its board of directors and committees, complying with the JSE Listings Requirements. The company aims to strengthen its leadership and governance by introducing new directors while retaining key positions.

Verakasrie Kathan, an Independent Non-Executive Director, will continue to serve as the Chairman of the Investment Committee, Nomination Committee Chairman, and Remuneration Committee Chairman. In addition, Kathan will be an active member of the Audit Committee, Risk Committee, and Social and Ethics Committee, ensuring stability and effective oversight.

Dennis Gammie, an Independent Non-Executive Director, will retain his position as Chairman of the Audit Committee and a member of the Investment Committee, Nomination Committee, Remuneration Committee, and Risk Committee. Gammie’s expertise will contribute to Huge’s financial governance and strategic decision-making.

Vincent Mokholo, a Non-Executive Director, will remain a member of the Investment Committee, Remuneration Committee, Risk Committee, and Social and Ethics Committee, providing valuable insights and contributions to the company’s overall direction.

Conway Williams, an Independent Non-Executive Director, will continue to serve as a member of the Investment Committee, Audit Committee, and Risk Committee, bringing his experience and expertise to Huge’s investment strategies and risk management efforts.

Michael Beamish, a Non-Executive Director, will retain his position as Chairman of the Investment Committee and a member of the Nomination Committee and Risk Committee, leveraging his knowledge and insights to support the company’s growth.

James Herbst, Chief Executive Officer of Huge, will retain his current position and serve as a member of the Risk Committee. Herbst’s leadership will continue to drive the company’s success and ensure strategic alignment.

Izak van de Merwe, Chief Operating Officer, will remain a member of the Risk Committee and the Social and Ethics Committee. In addition, he will take on the role of Chief Commercial Officer, overseeing operational efficiency and ensuring alignment with strategic objectives.

Andrew Openshaw, the former Chief Operating Officer, has resigned from his directorship, effective from 1 June 2023. The company expresses its appreciation for Openshaw’s contributions during his tenure.

Huge Group is delighted to welcome Maria Heraty and Mary-Ann Boakye as newly appointed directors, effective from 1 June 2023. The board recognizes their extensive experience and expertise in the financial and accounting sectors.

Maria Heraty, a registered Chartered Accountant with the South African Institute of Chartered Accountants, has a proven track record of success in building and growing companies within the Financial Services and Telecommunications sectors. Her financial and commercial expertise, coupled with her proficiency in governance, risk management, and business transformation, will be invaluable to Huge’s strategic decision-making and operational aspects.

Mary-Ann Boakye, also a registered Chartered Accountant, holds a Bachelor of Business Science degree in Finance and Accounting, a Postgraduate Diploma in Accounting from the University of Cape Town, and a Masters in Development Finance from the UCT Graduate School of Business. Boakye’s extensive experience in higher education, training program development, and accreditation, as well as her expertise in credit, risk, compliance, and stakeholder engagement, will greatly contribute to Huge’s operations and growth trajectory.

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