Governance

Executive Directors

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Elliot Salkow

Chairman of the Board and Founder

Ellie Salkow began his career as a salesman and honed his entrepreneurial skills early on in South Africa and later in the United Kingdom. In 1979, he started Ellies and with great entrepreneurial spirit and flair, he soon recognised, exploited and created new opportunities within the market.

Following the resignation of Wayne Samson, dispensation was obtained from the JSE for Ellie to take on the role as both executive chairman of the board (with Oliver Fortuin as the lead independent non-executive director) and Joint CEO during this interim period while the Group recruits a new CEO.

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Adrian Bock

Joint CEO and CFO

Adrian is a qualified Chartered Accountant, specialising in turnaround strategies, with a wealth of experience in corporate finance, mergers and acquisitions, change management, financial department set-up and re‑engineering. Adrian completed his articles at PKF in Cape Town in 1997. He has been the Chief Financial Officer of an AIMlisted company (Beacon Hill Resources Plc) and the Group finance director of a JSE-listed company (Trusco Group Holdings Limited). Adrian also worked in the United Kingdom for four years at Accenture Consulting and Deutsche Bank. Upon his return to South Africa in 2001, Adrian served as one of the founding partners of an audit firm rendering a full range of financial services before founding ALB Capital, a niche corporate finance house.

Following the resignation of Wayne Samson as CEO in November 2017, dispensation was obtained from the JSE for Adrian Bock to continue in his role as CFO and Joint CEO with Ellie Salkow. Adrian has subsequently resigned from the Group, effective 31 December 2018.

Non-Executive Directors

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Fikile Mkhize

Independent Non-Executive Director

Fikile was appointed to the Board on 1 June 2012 as an independent non-executive director. She holds a Master’s Degree in Business Leadership from the University of South Africa (UNISA), and is currently Executive Management at Johannesburg Roads Management responsible for IT, Legal Services, Risk Management, Institutional Performance Management.

Fikile is also acting in the same position for Human Capital Management and Facilities Management.

She sits on boards and board committees (audit, investment and risk) in the private and public sectors.

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Martin Kuscus

Independent Non-Executive Director

Martin was the MEC for Finance in the North West Provincial Government from 1994 until 2004. Prior to that, he spent 17 years in healthcare services. In June 2004 he became CEO of the South African Bureau of Standards, a position he held until July 2009.

He was the chairperson of the first Board of Trustees for the Government Employees Pension Fund overseeing a portfolio worth R850 billion from June 2005 to July 2009.

He served on the PRI Board of the United Nations Global Compact Initiative on Responsible Investment, served as chairperson of the Pan African Infrastructure Development Fund and is President of the Afrikaanse Handelsinstituut.

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Stephen Goldberg

Independent Non-Executive Director

Stephen, who qualified as a Chartered Accountant in 1999, completed his articles at Grant Thornton Kessel Feinstein, thereafter joining the investment banking business of Peregrine Holdings Limited, where he was involved in the execution of private equity transactions as well as providing corporate finance advisory services to several of Peregrine’s clients.

In September 2002, Stephen joined Buffet Investments Proprietary Limited (‘Buffet’) and was involved in identifying, implementing and managing several private equity transactions in a variety of industries.

Stephen sat on the boards of various investee companies, including Sally Williams Fine Foods, Eazi Access Rentals, Kevro, The Creative Counsel and the interests of Buffet. He also guided the various executives involved in the underlying operations. After leaving Buffet in December 2008, he co-founded Exit Holdings SA, an investment holding company with interests in FMCG distribution, consumer electronics and financial services.