Atlas Mara Limited announced changes to its Board and management. In accordance with the terms of the agreement entered into with Fairfax Africa as part of the Placing and Open Offer, the Atlas Mara Board has approved the appointments of Michael Wilkerson, Richard Boucher, Quinn McLean and Hisham Ezz Al-Arab to the Board of Directors. Co-founder Ashish J. Thakkar and Tonye Cole, Chair of the Nomination Committee are stepping down from their respective roles on the Board.

Following these changes, which take effect from October 2, 2017, Rachel Robbins, Amadou Raimi, Funke Opeke and Eduardo Mondlane, Jr. will remain on the Board. The company also announced that Arina McDonald will step down from her position as Chief Financial Officer to relocate back to South Africa for personal reasons and to pursue other interests on October 3, 2017. In the interim, Mr. Kenroy Dowers, Group MD of Strategy and Investments will assume the role of CFO until a permanent hire is selected.