Diversified explosive and chemicals group AECI’s CFO and executive director Rochelle Gabriels has stepped down, and Ian Kramer, now senior finance adviser to the company, has been appointed as its acting CFO.
Gabriels will step down from December 31 “on mutually agreed terms,” and Kramer’s appointment is for a period of six months.
Gabriels has committed to facilitating a structured and smooth handover process and will remain available to support and assist the acting CFO during the transitional period, AECI said in a statement on Monday.
“The appointment of Ian Kramer as the acting CFO ensures stability and continuity for the group,” said AECI chairperson Dr Khotso Mokhele.
“Ian is a highly accomplished finance executive with global experience in finance, auditing and business leadership, and his extensive expertise in the mining industry will serve as an additional asset to the group. He is well placed to lead the finance team and to continue its work delivering on the company’s growth strategy.”
Kramer is a chartered accountant CA(SA) and holds a B.Com Hons accountancy degree from the University of Pretoria. His expertise spans financial reporting, tax, risk management, IT and treasury functions.
Most recently, he served as senior vice-president: group finance and interim CFO at AngloGold Ashanti, where he led and supported a number of significant projects, including corporate restructures, external reporting optimisation and major bond issuances.
The process of identifying suitable candidates for the appointment of a permanent CFO and executive director has started, AECI said.
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