Gijima, a JSE listed ICT company yesterday announced the appointment of Ernst Röth as its Chief Financial Officer (CFO), effective 1 April 2014.
Röth has for the past seven years been the Chief Financial Officer of JSE-listed companies Mvelaphanda Group Limited (4 years: 2007-2010) and Mvelaserve Limited (3 years: 2011-2013). Röth has also worked for Mvelaphanda Holdings (Pty) Ltd as CFO (2003-2007), 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.
The Executive Chairman, Robert Gumede, said “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, Chief Executive Officer of Gijima, said, “We are delighted that Mr. 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”.
Eileen added, “I would like to, on behalf of the Board and Management, thank Tweedie, our Interim CFO, who stepped in to assist the Company since July 2013, for her contribution, value-add and dedication during this period. The Board has complemented Liesl for a job well done”.
“We expect to make an announcement soon regarding the promised Sales Director appointment,” concluded Gumede.