The board of Huge Group has appointed Craig Lyons as an independent non-executive director with effect from 3 July 2017.
Lyons is an investment banker and businessman with extensive strategic, management and finance experience gained in various industries and from having developed and led a number of pre-eminent businesses in southern Africa.
He actively participates as an independent director on various company boards, committees and investment funds. Some of his career highlights include successfully co-founding, leading and managing two South African investment companies, one of which was listed on the JSE.
Lyons has spear-headed a number of high profile investment transactions in a multitude of sectors with a combined transaction value in excess of R28-billion.
He holds a BCom from the University of the Witwatersrand and a DSoc from Oxford University in the UK, where he majored in Economics.
Meanwhile, Anton Potgieter has resigned as a director of Huge and its subsidiaries with effect from 3 July 2017.
Potgieter founded TelePassport in 1993, which was rebranded as Huge Telecom and became the principal subsidiary of the group on its listing in 2007.
After listing, Potgieter served Huge as CEO and then executive chairman, before becoming a non-executive director.
He is currently a shareholder of Huge and given this shareholding in Huge is not regarded as independent. Consequently, his resignation significantly assists the board in achieving Huge’s compliance with the King IV code, which requires the majority of the non-executive directors on the Board to be independent.