Texton Property Fund appoints Nosiphiwo Balfour as new CEO

Posted On Monday, 17 July 2017 10:19 Published by
Rate this item
(1 Vote)

Texton board of directors is pleased to announce the appointment of Nosiphiwo Balfour to the position of Chief Executive Officer, effective 17 July 2017.   

 

Nosiphiwo has been an Independent Non-Executive Director of Texton since 30 June 2014. Her expansive 12 year career in the South African property industry includes an impressive track record obtained working at various institutions including Standard Bank Property Finance, Investec Property Investments and Investec Asset Management and holding directorships in various unlisted property companies.  

Following the appointment of Nosiphiwo, Nic Morris will step down as CEO of the Company and as an Executive Director of the Board, effective 17 July 2017, but will remain employed by Texton Property Investments Proprietary Limited until 30 August 2017 to facilitate a smooth transition for the new CEO.   

The Company has identified a short list of suitable Financial Director candidates, who are currently in a comprehensive selection and recruitment process, with the intention of appointing a candidate in the near future.   

In addition, the following changes have been made to the Board: - the appointment of Shaheeda Mia, CA(SA), as an Independent Non-Executive Director and member of the Audit and Risk Committee (effective 13 July 2017); and  - Patrick Ntshalintshali remains as a Board member, but has resigned as a member of the Audit and Risk Committee (effective 13 July 2017). 

Post the above appointments, the Board will be positioned to comply with the recommendations of King IV reflecting diversity in both gender and race.  

The Chairman and the Board wish to congratulate Nosiphiwo and Shaheeda on their respective appointments and thank Nic for his contribution to the Board and the Company

Last modified on Tuesday, 25 July 2017 19:16

Most Popular

Balwin Properties and ABSA launch South Africa’s first green home loan

Mar 13, 2020
Apartment 71933
JSE-listed Balwin Properties Limited (Balwin Properties or the Company) and Absa Group…

Growthpoint reports a steady first half with its growth strategies paying dividends

Mar 11, 2020
Growthpoint Properties Group CEO Norbert Sassee
Growthpoint Properties (JSE: GRT) reported distributable income growth of 2.2% to R3.2bn,…

Spear REIT launches innovative self-isolation campaign for returning travellers in Cape Town, South Africa to combat COVID-19:

Mar 18, 2020
Double Tree Op
JSE listed Spear REIT Limited, the owner of the Double Tree by Hilton Cape Town, is the…

Financial Fitness – Is this the right time to buy property?

Mar 20, 2020
Governor Lesetja Kganyago SARB1
With the South African Reserve Bank’s announcement of interest rates cut of 100 basis…

Precautions, planning and preparation - the real estate agent's guide to weathering the Covid19 storm

Mar 16, 2020
Corona
With the Corona Virus now in SA and beginning to cause widespread panic, we are not only…

Please publish modules in offcanvas position.