Gijima has announced the appointment of Ernst Röth as its chief financial officer (CFO), effective from 1 April 2014.
Ernst Röth, has for the past seven years been the CFO of JSE-listed companies Mvelaphanda Group (2007 to 2010) and Mvelaserve Limited (2011 to 2013). Röth has also worked for Mvelaphanda Holdings as CFO (2003 to 2007),
Boland Bank, the Auditor-General and has managed his own auditing firm.
Röth is a South African registered Chartered Accountant, with a Postgraduate Certificate in Advanced Taxation. He has in-depth commercial and strategic skills and knowledge across a range of industries, including services and
financial sectors.
Röth played a key role in Mvelaserve’s turnaround strategy and transforming the organisation into a R5,4-billion turnover JSE-listed global company.
As a result, Liesl Tweedie, who stepped in to assist the Company in July 2013, will step down from the board as acting CFO, with effect from 1 April 2014, but will however continue until the end of April, to ensure a smooth transition.
Tweedie will remain on a consulting basis to work with our new CFO on the turnaround.
Executive chairman, Robert Gumede, says “The Board is delighted to have recruited a seasoned CFO with vast listed and turnaround experience, a track record in operating, managing finances and dealings with investors, analyst,
clients and staff. We have now complied with our undertaking to stakeholders to recruit an experienced CFO. Ernst will form a strong team with our CEO, Eileen.”
Eileen Wilton, CEO of Gijima, says, “We are delighted that Ernst Röth is joining Gijima. His extensive knowledge and experience make him an ideal fit. With a track record of working across a broad range of sectors, he is a
welcome addition to the team and I am looking forward to working with him.”
“We expect to make an announcement soon regarding the promised sales director appointment,” says Gumede.