Kropz Plc announced an update on the director and management changes at Kropz and Kropz Elandsfontein (Pty) Ltd. As announced on 20 July 2022, Mark Summers, the Chief Executive Officer ("CEO") of Kropz, has decided to stand down as CEO. The Kropz Board has identified and is in the process of engaging with a potential candidate to take over the role of CEO and executive director of Kropz and its subsidiaries. The formal appointment and announcement are expected to be finalised in early January 2023.

In the meantime, Mark Summers has agreed to remain as CEO until the appointment is formalised. Mark Summers and Michelle Lawrence (outgoing Chief Operating Officer of Kropz) have also agreed to remain with Kropz, under   short-term consulting agreements, in order to assist with a handover to the new CEO and ensure continuity of the operations across the Company.