Allied Electronics Corporation Limited announced that the Board has appointed Mr. Tim Jacobs as acting group CFO, with effect from 1 March 2018, until such time as a permanent appointment is made. With over 20 years' commercial experience, Mr. Jacobs has the required financial competencies for the acting CFO role. Mr. Jacobs joins Altron from MultiChoice Africa Limited part of the Naspers group, which operates in numerous African countries, where he held the position of CFO before being promoted to Chief Executive Officer in 2014. Previously Mr. Jacobs held CFO positions at Nampak Limited and Transaction Capital Limited.