Jasco Electronics Holdings Limited announced that after seven years at the helm of the Group, current Chief Executive Officer (CEO) Pete da Silva will take up the position of a Non-Executive Director on the Board following the successful implementation of the group's restructure in line with the Board's objectives. Mark van Vuuren, the current Chief Operating Officer (COO), will be appointed as CEO with effect from 1 July 2018.Mark has worked closely with Pete in preparation over the last 18 months. He has been with Jasco for the last ten years, firstly as managing director of Jasco ICT Solutions and then as COO since late 2013.

Mark has also been on the group's executive committee since 2012. As part of management development, Mark has attended the Jasco Board meetings by invitation over the last 18 months. Prior to Jasco, Mark was the COO at Nokia Siemens Networks and also founded his own company in the ICT industry.

Pete will continue to contribute to the Group on the Jasco Board in his new role as a Non-Executive Director to ensure a smooth transition and to assist the Group with its future growth and funding strategy.