Izak van der Walt has been given the role of acting Chief Financial Officer with immediate effect following the resignation of executive director and Chief Financial Officer Morne du Plessis on 31 August 2015.
Acting Chief Executive Officer Waheed Sulaiman explained “Du Plessis wished to explore other opportunities and in order to remove any uncertainties about this important company role, it was jointly agreed that the resignation be effective immediately. A month-long handover period will ensure the continued smooth workings of the financial department and processes.”
Sulaiman points to Du Plessis’s contribution to improving Wescoal’s financial systems and controls. “Our parting has been amicable following a full and lengthy consultative process and on behalf of the executive we wish him every success in the future.”
Van der Walt is a Chartered Accountant and member of the Public Accountants and Auditors Board, with 14 years’ experience in the mining resources sector. The appointment of a permanent CFO will see Van der Walt return to his original position as Group Financial Manager.
Wescoal Holdings Limited mines, processes, supplies, sells and distributes coal. It is listed on the main board of the JSE and its key strategic thrust is to be a leading junior coal miner with a sustainable resource base and a coal trading operation.
Wescoal Holdings Ltd
Waheed Sulaiman (Acting CEO): 011 570 5800
Jacques de Bie, Senior Manager, IR
Singular Systems - 082 691 5384
Tel: 072 663 3926
Issued by Mi5 on behalf of Wescoal Holdings