Following the notification of Leon Goosen?s resignation as chief executive (?CEO?) with effect from 31 December 2023, Bell Equipment Limited announced the appointment of Ashley Bell, currently a non-executive director of the Company, as CEO of the Company with effect from 1 January 2024. As a result, Ashley?s status as director will change to that of Executive Director upon his appointment as CEO, effective from such date. Having served on the Board of the Company since 2015, Ashley brings a deep understanding of the yellow metal industry, which is integral to their business.

His tenure on the Board has provided him with comprehensive insights into operational practices and allowed him to play a role in the Company?s future strategic initiatives. Ashley Bell currently serves on the Risk & Sustainability Committee as a non-executive director. In view of his above change in status to executive director, Ushadevi Maharaj, an independent non-executive director of the Board, has been appointed as a member of this committee with effect from 1 January 2024.

Ashley shall continue to serve on the Risk and Sustainability Committee and the Social, Ethics and Transformation Committee in his capacity as chief executive and prescribed officer rather than as non-executive director.