Cape Town - Richard Farber is stepping down from his role as chief financial officer and group financial director of Discovery Limited [JSE:DSY].
The group said in a JSE SENS announcement on Friday that Farber will relinquish his role with effect from December 31 2016.
"Mr Farber will be relocating to Australia but will remain as a director on the board of the company. A process is underway to appoint a replacement and further details will be communicated in due course."
Farber is a chartered accountant and has been the financial director of Discovery Holdings Limited since July 1 2009 and served as chief financial officer of Discovery Group since 2003.