Monday, 17 July 2017 10:19

Texton Property Fund appoints Nosiphiwo Balfour as new CEO

Written by
Rate this item
(1 Vote)

Texton board of directors is pleased to announce the appointment of Nosiphiwo Balfour to the position of Chief Executive Officer, effective 17 July 2017.   

 

Nosiphiwo has been an Independent Non-Executive Director of Texton since 30 June 2014. Her expansive 12 year career in the South African property industry includes an impressive track record obtained working at various institutions including Standard Bank Property Finance, Investec Property Investments and Investec Asset Management and holding directorships in various unlisted property companies.  

Following the appointment of Nosiphiwo, Nic Morris will step down as CEO of the Company and as an Executive Director of the Board, effective 17 July 2017, but will remain employed by Texton Property Investments Proprietary Limited until 30 August 2017 to facilitate a smooth transition for the new CEO.   

The Company has identified a short list of suitable Financial Director candidates, who are currently in a comprehensive selection and recruitment process, with the intention of appointing a candidate in the near future.   

In addition, the following changes have been made to the Board: - the appointment of Shaheeda Mia, CA(SA), as an Independent Non-Executive Director and member of the Audit and Risk Committee (effective 13 July 2017); and  - Patrick Ntshalintshali remains as a Board member, but has resigned as a member of the Audit and Risk Committee (effective 13 July 2017). 

Post the above appointments, the Board will be positioned to comply with the recommendations of King IV reflecting diversity in both gender and race.  

The Chairman and the Board wish to congratulate Nosiphiwo and Shaheeda on their respective appointments and thank Nic for his contribution to the Board and the Company

Last modified on Tuesday, 25 July 2017 19:16

Most Popular

Introducing Tibani Shopping Centre

Nov 19, 2017
Tibani
After the very successful opening of Steilloop Shopping centre in November 2016 GMI…

Continued demand for Balwin apartments support top line growth

Nov 20, 2017
Stephen Brookes Balwin Properties
Balwin, South Africa’s largest homebuilder focusing on large scale sectional-title…

New Deloitte Africa HQ commences development at Waterfall City

Nov 23, 2017
Deloitte4_Exterior
Deloitte Africa, Atterbury Property and Attacq Limited jointly celebrated the start of…

SA REITs make up a dazzling dozen of South Africa’s top listed companies

Nov 20, 2017
Izak Petersen1
South African REITs (real estate investment trusts) once again ranked high among the…

Vukile Property Fund reports on-target 7.4% increase in half-year dividend growth and further Spanish expansion

Nov 27, 2017
LRapp CEO Vukile
Vukile Property Fund today reported 7.4% growth in dividends per share for its half-year…