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Johannesburg - Royal Bafokeng Holdings said on Tuesday
that its CEO Niall Carroll has tendered his resignation from the group, which
has been accepted with regret by the RBH board.
Carroll has led RBH as CEO since its inception in 2006. He
was CEO of Royal Bafokeng Finance, which was merged with RBH, from 2004 to
2008.
During his eight-year tenure with RBH Carroll has built up
a high-calibre, professional team that has underpinned RBH's success.
Lucas Ndala, currently executive director: finance, has been
appointed as interim CEO.
Kgosi Leruo Molotlegi, king of the Royal Bafokeng nation and chairperson of RBH, paid tribute to Carroll. He said the team that Carroll
has established will ensure that the business of RBH rests in "safe
hands".
Carroll said it has been "both a pleasure and a
privilege to have been associated with RBH".
"RBH's investment vision of being the leading, community-based investment company is one that has required care, leadership, diligence and vigilance to live up to. It has needed the right people and the right partners, and we have been fortunate to have both," he said.
