Tuesday 11th February, 2014
The Aveng Group is pleased to announce that Kobus Verster, currently the acting CEO and Financial Director, has been appointed Chief Executive Officer with immediate effect. Mr Verster (47) joined the Aveng Group on the 27 September 2010 when he was appointed Financial Director and he was subsequently appointed as Acting CEO on 21 August 2013.
Mr Verster holds a BCom degree from the University of Potchefstroom and a BCom Honours (Economics) degree from the University of Pretoria. He also holds an MBL from the University of South Africa (Unisa) and attended the Executive Management Programme at the University of Virginia in the USA. Prior to joining the Aveng Group Kobus was CFO at ArcelorMittal (South Africa) where he had previously held various senior management positions. Kobus has extensive experience in the steel and mining sectors and since joining Aveng has developed detailed insight into the Group's operations and their opportunities and constraints.
Mr Verster has not relinquished his statutory duties in terms of Section 3.84(g) and will continue in his capacity as Acting Financial Director until a new Financial Director is employed. The process to appoint a new Financial Director is underway. Mr Angus Band, Chairman of the Board of Aveng Limited, said: \"The Board considered a number of candidates, both locally and internationally but believes that this is the right appointment to take Aveng forward on a path to growth and improved performance. I would like to congratulate Kobus on his appointment and look forward to working with him.\"