AECI Ltd. announced that Mr. Holger Riemensperger has been appointed as the new Group Chief Executive of the AECI Group with effect from 1 May 2023. Holger has held many executive and senior management positions in leading companies across Germany, the USA, Switzerland, Netherlands, Sweden and Malaysia and has extensive expertise in the mining, chemicals, agricultural and manufacturing sectors. His most recent role was as chief operating officer and executive director of the K+S Group AG (Germany) and has held previous global vice president and senior management roles at Bunge Lodgers Croklaan, BASF, Frutarom and Akzonobel.

Mr. Sam Coetzer, previously appointed as Interim Chief Executive by the Board effective 1 February 2023, will continue to serve in his position until 30 April 2023 to ensure a smooth transition. At the end of the transition, Sam will return to his duties as an Independent Non-executive Director of the AECI Group.