Search
where the horse is always the hero
Article Item
Posted 2018-09-19 19:22:59  
Phumelela CEO Steps Down

Phumelela Gaming and Leisure Limited CEO Rian du Plessis has tendered his resignation.

In a statement on the JSE news service, Phumelela said that Du Plessis had resigned for personal reasons.

“Rian has full confidence in the company’s executive management team, underlying business fundamentals and strategic direction,” reads the statement.

And as a further vote of confidence in the future success of Phumelela, Du Plessis has given the assurance that he will not consider disposing of any Phumelela shares held directly or indirectly by him, his family or otherwise in the foreseeable future.

Stepping in to take over the reins from Du Plessis is John Stuart, International Executive Director of Phumelela.

Stuart served his articles with KPMG before joining TAB KwaZulu-Natal in 1979 as Internal Auditor, and occupied various positions there before leaving in 1996 as Assistant General Manager. He then joined TAB Transvaal (transferred to Phumelela as part of the corporatisation process) in 1997 and served in various positions before heading up the international division in 2006. John also heads up the Tellytrack operation on behalf of the Tellytrack partnership.

He is also Executive Director of Premier Gateway International.

“With more than 39 years of experience in the horseracing and gaming industry, the Board welcomes John’s increased participation in the business and looks forward to his ongoing contribution.”

According to the statement, Du Plessis has also committed himself to assist his successor until the end of March 2019 to ensure a smooth transition.

“The Board and management team would like to thank Rian for his valued service and contribution to the company over the past 10 years. He led the development of a sophisticated business with multiple revenue streams and has formed a management team supporting long term stability and growth,” reads the statement.

“The Company’s financial results announcement scheduled for 5 October 2018 will be delivered by the new CEO.” – Phumelela Gaming and Leisure 

Rate:
Email link to a friend | Printable Version
  • South Africa
    Displaying 10 ResultsSee All
    sean tarry hits 20001 days ago

      Sean Tarry Racing brought up their 2000th winners as Flash Burn won a maiden at the twilight...

    View | Add Comment
    strydom talks turffontein 2 days ago

    We are currently going through a period of heavy rains and while it's great for the country, it does...

    View | Add Comment
    heat the factor in fairview race abandonment3 days ago

    In a unique situation, one that no one in modern South African history can recall, it was decided th...

    View | Add Comment
    herholdt to stay on in korea3 days ago

    Fransie Herholdt’s stint in South Korea has worked out very well, with the result that the Kor...

    View | Add Comment
    hero's honour on july track 4 days ago

    Four-year-old Hero’s Honour posted a 1,20-length win over fellow Gr1 winner Return Flight in a...

    View | Add Comment
    fairview trainer comments 4 days ago

    TRAINER’S / JOCKEY’S COMMENTS RACE 1 : 1ST FOUR SELECTIONS : 5 / 1 / 3 / 9 ‚óŹ...

    View | Add Comment
    star filly on course for kzn6 days ago

    Oh Susanna has recovered from her injuries in the Sun Met and is back on course for the KZN season b...

    View | Add Comment
    vaal abandoned tuesday 7 days ago

    The race meeting scheduled for the Vaal today (Tuesday) has been abandoned due to a waterlogged trac...

    View | Add Comment
    todd claims exports within a year2019-02-11

    Adrian Todd is aiming to have South Africa opened up for direct equine exports to Europe within the ...

    View | Add Comment
    national park to tackle classic 2019-02-11

    Gauteng Guineas winner National Park has remained in Johannesburg until the second leg of the SA Tri...

    View | Add Comment