JSE-listed and Nasdaq-listed Lesaka Applied sciences has introduced huge adjustments at govt and board degree.
The fintech group informed shareholders on Friday that the adjustments to the manager management group are aimed toward aligning its management with the corporate’s bold development targets.
In an announcement, Lesaka mentioned its present group chief monetary officer, Naaem Kola – who has held the place since March 2022 – will change into chief working officer.
“Naeem is exceptionally properly positioned to drive strategic and operational synergies for the group, together with his intensive monetary and operational expertise in worldwide fintech and his understanding of Lesaka’s transformation,” Lesaka mentioned.
The CFO function will likely be taken over by Dan Smith, who can even be part of the Lesaka board of administrators. Smith is a chartered accountant with expertise in varied roles inside the monetary providers sectors in South Africa and the UK. Amongst his most distinguished positions is his heading of the mergers and acquisitions funding banking group at Normal Financial institution South Africa.
Non-executive director Javed Hamid has resigned, whereas Chris Meyer, a non-executive director and former group CEO, will resign from the board with impact from 1 October. The resignation of non-executive director Monde Nkosi is predicted in October, pending the completion of Lesaka’s acquisition of Adumo.
Adumo transaction
Dean Sparrow, group CEO of Crossfin Expertise Holdings, will likely be appointed to the board as non-executive director as soon as the Adumo transaction has been concluded.
“As Lesaka scales, we’ll proceed to reinforce our govt functionality to ship on the chance in entrance of us. Dan Smith is an distinctive addition to the group and has been intimately concerned within the transformation of the enterprise over the previous couple of years. I’m excited to be working with each him and Naeem of their new roles,” mentioned Lesaka govt chairman Ali Mazanderani within the assertion to shareholders. – © 2024 NewsCentral Media
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