Stadio Holdings Limited announced that the board of directors of the company advised shareholders that Dr. Chris van der Merwe will step down as chief executive officer (CEO) of the company on 31 March 2020. The board announced that Mr. Chris Vorster, founder and CEO of Southern Business School Proprietary Limited (SBS), will succeed Dr. van der Merwe as CEO of the company, effective 1 April 2020, and will be appointed as an executive director on such date. Mr. Vorster is a highly experienced businessman with Masters degree in Management and Development (cum laude) and over 20 years' experience in the higher education sector.

He founded the highly successful SBS in 1996.