Quantum Foods Holdings Ltd. announced that Mr. Hendrik Albertus Lourens will retire from his position of CEO of the company with effect from 1 April 2024. The Board announced the appointment of Ms. Adel Deidré van der Merwe as the new CEO of the Company with effect from 1 April 2024. Ms. van der Merwe holds a Bachelor of Commerce Degree in Management Accounting from Stellenbosch University and is currently an executive at the Company's Layer Farming and Eggs businesses.

Ms. van der Merwe started her career in the corporate finance department of Pioneer Foods in 1995 and moved to central procurement where she spent much of her time involved in procurement of raw materials and commodities. In 2008 she joined Nova Feeds, which was a division of Pioneer Foods at the time. Ms. van der Merwe joined the Eggs business during 2016.

She has accumulated over 13 years of experience in the animal feeds and food industry, bringing invaluable insight to her new role. To ensure an orderly transition, Mr. Lourens will remain an executive director of the Company until 31 May 2024.