Owing to a revised operational management structure, JSE-listed Growthpoint CEO Norbert Sasse will become group CEO, from March 1, 2018.
Sasse’s primary focus will be on the strategic direction of the group, aligned with Growthpoint’s internationalisation strategy, and overseeing and representing Growthpoint’s interests in local and international subsidiaries and associated companies.
Growthpoint MD Estienne de Klerk will become the CEO of Growthpoint South Africa, with a dedicated focus on directing Growthpoint’s South African operations and in which he will continue to support the Group CEO in relation to group strategy and oversight of strategic investments.
Meanwhile, the company noted that Hugh Herman had retired as nonexecutive director, effective November 14.