The board of directors of AECI LIMITED notifies its shareholders and noteholders that it has accepted the resignation of the Chief Financial Officer (CFO) of AECI, Ms. Aarti Takoordeen, for personal reasons, and with immediate effect. Shareholders are further advised that the Board has appointed Rafael Fernandes as acting Chief Financial Officer of AECI effective until further notice. Mr. Fernandes has been group CFO for AECI Mining since 2015 and knows the company and its leadership well.

He is a qualified chartered accountant (SA) with a B.com Honours degree in Accounting, an ACMA qualification from CIMA, and has completed the Strategic Financial Leadership Programme at Stanford University.