Aveng promotes Verster from financial director to CEO

Kobus Verster, who has been acting CEO and Financial Director at Aveng Group has been appointed as the new Chief Executive Officer with immediate effect. 

Verster was made acting CEO after the abrupt departure of Roger Jardine last year. Jardine had been at the helm for about six years and oversaw the investigation by the Competition Commission.

Describing the new CEO the company’s statement said Verster (47) joined the Aveng Group on the 27 September 2010 when he was appointed Financial Director and he was subsequently appointed as Acting CEO on 21 August 2013.

Angus Band, Chairman of the Board of Aveng Limited, said: “The Board considered a number of candidates, both locally and internationally but believes thatthis is the right appointment to take Aveng forward on a path to growth and improved performance. I would like to congratulate Kobus on his appointment andlook forward to working with him.”

Verster holds a BCom degree from the University of Potchefstroom and a BCom Honours (Economics) degree from the University of Pretoria. He also holds an MBL from the University of South Africa (Unisa) and attended the Executive Management Programme at the University of Virginia in the USA. Prior to joining the Aveng Group Kobus was CFO at ArcelorMittal (South Africa) where he had previously held various senior management positions.

The company added that Verster has extensive experience in the steel and mining sectors and since joining Aveng has developed detailed insight into the Group’s operations and their opportunities and constraints.

“Verster has not relinquished his statutory duties in terms of Section 3.84(g) and will continue in his capacity as Acting Financial Director until a new Financial Director is employed. The process to appoint a new Financial Director is underway.”


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