New CEO for Oryx Properties

Oryx Properties Ltd announced the appointment of Mr Carel Fourie,  as its new Chief Executive Officer with effect from 1 March 2017. Fourie has been Chief Operating Officer since June 2014, after serving as Chief Financial Officer since 2011.Mr Fourie will replace Mr Gerhard van Zyl who was appointed as CEO on 1 July 2016. Mr Francois Uys, the Chairman of Oryx, said that the Board of Oryx and Mr van Zyl mutually agreed not to continue with a management structure which incorporates both a CEO and COO. It was therefore agreed that Mr van Zyl’s appointment would be terminated on 28 February 2017. “Oryx is well structured with suitably qualified and experienced staff which gives the Board confidence that this is the right way forward. In addition, both the Board and Mr van Zyl are firmly convinced that Mr Fourie is more than capable to take on the new responsibilities,” said Mr Uys. The Board congratulates Mr Fourie with the new appointment. It also expresses its sincere appreciation to Mr van Zyl for his contribution to Oryx and wishes him well with his future endeavours.

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