The board of directors of AVI Limited announced to shareholders that Mr. JR Hersov has resigned as a non-executive director with effect from 3 July 2023, recognising his extended tenure on the Board. The Board announced the appointment of Ms Maserame Mouyeme as a non-executive director and a member of the Audit and Risk Committee, with effect from 1 August 2023. Maserame joined Old Mutual in 2020 as a group executive director, leading the company's marketing, public affairs and sustainability functions across 13 countries in Sub Saharan Africa.

Prior to joining Old Mutual, Maserame worked for Coca-Cola Africa, Unilever and Kellogg's. She holds various qualifications including an MBA from the University of West London and a Bachelor of Social Sciences degree from the University of Cape Town. Furthermore, shareholders are advised that Mr. MJ Watters has been appointed to the Remuneration, Nomination and Appointments Committee with effect from 1 July 2023.