JSE-listed Distell FD Merwe Botha will retire at the end of August and as an executive director of the group, effective December 31, leaving the company a legacy of financial health, prudence, integrity and a focus on the delivery of value, says MD Richard Rushton.
The alcoholic beverages producer and marketer announced on Monday that L C Verwey had been appointed Distell FD, with effect from September 1, and would work with Botha during the course of 2015 to ensure a smooth transition and the effective handover of duties and responsibilities.
Rushton added that Distell had benefited for many years from Botha’s wisdom, counsel and expertise and that the company’s growth and success had been a reflection of his selfless contribution.