AECI Ltd. announced that Aarti Takoordeen will join the Group as Executive Director with effect from May 20, 2022. In addition to these roles, her extended portfolio will include Mergers and Acquisitions, Information Technology, Enterprise Risk Management, and Strategic Projects. Furthermore, Aarti Takoordeen will be appointed Chairman of AECI Property Services.

The Group confirms that the appointment of Takoordeen was done in accordance with AECI's Board Nomination, Composition and Diversity policy. She succeeds Mark Kathan who takes up another key role in the Group. Aarti Takoordeen has served as Group CFO and Executive Director of the JSE Limited for the past nine years.

Takoordeen's appointment on the relevant Board committees will be confirmed in due course.