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
    scottsville to greyville. meeting moves12 hours ago

    Following heavy showers at Scottsville over the weekend with a current penetrometer reading of 31 a...

    View | Add Comment
    rainbow bridge rider weighed in half kilogram over2 days ago

    Bernard Fayd'Herbe weighted half a kilogram over his carded weight in the Green Point Stakes on Sa...

    View | Add Comment
    legal eagle wins a cracking finish3 days ago

      LEGAL EAGLE got the shortest of short head decision in a four way finish as South Africa's b...

    View | Add Comment
    tilbury fort to miss met 5 days ago

    Sean Tarry said he would keep his feet on the ground with G-Bets Summer Cup winner Tilbury Fort and ...

    View | Add Comment
    de sousa's brilliant double seals ijc win5 days ago

    Born in Brazil, but representing Great Britain, Silvestre de Sousa scored points in all four legs ...

    View | Add Comment
    vee moodley resigns from phumelela, takes over nha2018-12-03

    Vee Moodley, Phumelela’s Executive Director, Sports Betting, has resigned following his appoin...

    View | Add Comment
    peter kannemeyer passes2018-12-03

    Former top trainer Peter ‘PK’ Kannemeyer sadly passed away at his Milnerton residence on...

    View | Add Comment
    nafaayes queen of the ipi tombe 2018-12-02

    Young filly Nafaayes and jockey Warren Kennedy made the most of a trifling 51kg weight to grab victo...

    View | Add Comment
    red letter day capped by tilbury fort's summer cup2018-12-01

      The GBets Summer Cup delivered a smashing outcome for the Sean Tarry yard as Tilbury Fort ca...

    View | Add Comment
    comments for gbets summer cup 2018-11-30

    Trainer and jockey comments for the features on Summer Cup day. G-Bets Gauteng Summer Cup Grade 1 ...

    View | Add Comment