York Timber Holdings Limited board of directors advised York shareholders that Mr. Schalk Barnard has been appointed as chief financial officer of York (CFO), effective within the next six months, which effective date will be communicated to Shareholders once determined. Mr. Barnard is a qualified Chartered Accountant (South Africa, Australia and New Zealand), registered auditor and JSE Limited Accredited Audit Partner, with a Bachelor of Accounting Sciences in Financial Accounting (Hons) degree from the University of South Africa and a Certification in the Theory of Accounting from the University of Cape Town. Mr. Barnard also holds Executive Leadership and Professional Services Leadership Diplomas from Harvard Business School.

Mr. Barnard's previous experience includes heading up Ernst & Young's Growth Markets Practice across Oceania and later holding the position of Business Development Leader Africa, Ernst & Young. He served as York's external audit partner, representing PricewaterhouseCoopers Incorporated (PwC) in his capacity as the Africa Family Business Leader, since 2019, and has accordingly resigned from PwC.