Quick Poll

Resignation of Motus Holdings Chairman Triggers Leadership Shift

Motus
  • Mr. Graham Dempster resigns as Chairman and independent non-executive director of Motus Holdings Limited with immediate effect.
  • Mr. Mfundiso Johnson Ntabankulu (JJ) Njeke appointed as interim Chairman of the Board.
  • Changes to Board Committees anticipated, with further details to be provided to shareholders in due course.

Motus Holdings Limited has undergone significant changes to its board of directors. The company recently announced the resignation of Mr. Graham Dempster, who served as an independent non-executive director and Chairman of the Board. Mr. Mfundiso Johnson Ntabankulu (JJ) Njeke, a current independent non-executive director, has been appointed as the interim Chairman of the Board with immediate effect.

Mr. Dempster, a member of the Imperial Holdings Limited board since 2015, played a vital role in the successful unbundling and subsequent listing of Motus on the JSE in November 2018. Following the unbundling, he assumed the position of Independent non-executive Chairman of the Company. The Board expresses its utmost appreciation for Mr. Dempster’s substantial contributions to Motus, both during and after the company’s listing, and extends its gratitude for his valuable guidance provided to the Company and the Board. The Board wishes Mr. Dempster success in his future endeavors.

In light of Mr. Dempster’s resignation, the Board has appointed Mr. Mfundiso Johnson Ntabankulu (JJ) Njeke as the interim Chairman of the Board. Effective immediately, Mr. Njeke, a respected Chartered Accountant (CA) with extensive experience, will assume this critical leadership role. Since Motus’ listing on the JSE in November 2018, Mr. Njeke has served as an independent non-executive director of the company. His impressive portfolio includes directorships in both listed and non-listed companies such as Silver Unicorn Coal and Minerals Proprietary Limited (Executive Chairman), Hollard Foundation Trust (Chairman), Clicks Group Limited, Datatec Limited, and Delta Property Fund (Non-executive director). The Board wishes Mr. Njeke great success in his new interim role.

Motus Holdings Limited has assured its shareholders that appropriate changes will be made to the various Board Committees. The company intends to keep shareholders informed about these changes in due course. The Board remains committed to ensuring a smooth transition and maintaining strong corporate governance practices.

Related

Rateweb

South Africa’s primary source of financial tools and information

Contact Us

admin@rateweb.co.za

Disclaimer

Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.