4AX in search of new CEO

2nd July 2019

By: Marleny Arnoldi

Deputy Editor Online

     

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South African exchange 4 Africa Exchange (4AX) has appointed credit marketplace RainFin CEO Sean Emery as its interim CEO, while outgoing CEO Fay Mukaddam finds a suitable successor as part of a six-month succession handover plan.

Mukaddam will remain an active shareholder in 4AX and will continue to support the business operations in other positions.

“After more than a year of successful operations, a base of five listed companies and a total market capitalisation of just under R7-billion, I feel I have achieved my initial goal and 4AX is at an exciting new juncture,” she said.

4AX began trading on September 28, 2017.

Mukaddam will be taking a sabbatical in anticipation of focusing on special projects and her independent adviser and nonexecutive board appointments.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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