Appointment of Adcorp Chief Executive Officer

Johannesburg, 23 April 2020, Adcorp Group, a South African business leader in building workplace solutions and careers of the future, today announced the appointment of Phil Roux as the Chief Executive Officer with immediate effect. Phil replaces Cheryl-Jane Kujenga, who has been filling the role in an interim capacity since October 2019.

Phil is an experienced business executive of more than 30 years, mostly in the FMCG sector. His current role as Chairman of the Tiauto Group, which he will be stepping down from. Prior to that, he was CEO of Pioneer Foods, Executive Director and Business Executive at Tiger Brands and Chief Operating Officer – Africa and Coca Cola Sabco. A highly articulate and energetic individual with a bias for action, Phil has led successful business transformation within these leading organisations. There has been an exponential improvement in value creation under his guidance and leadership. The Board of Directors (“the Board”) is confident that he will guide the Adcorp Group through is strategic and operational transformation.

The Board would like to express its gratitude to Cheryl-Jane for her significant contribution to the group during the last six months. She was instrumental in stabilising the organisation during this period. Cheryl-Jane will resume her role as Chief Financial Officer of Adcorp and remains fully committed to the organisation during the transition and beyond.

In light of the global pandemic, the Board is in the process of working closely with the Senior Executive team to redefine an approach to the Post-COVID workplace landscape. The Board is confident that the business is fundamentally sound and will able to meet all its commitments and deliver on its immediate strategic plans.