Clientèle Limited (JSE: CLI) has announced significant changes in its leadership team. Dr. A.D.T Enthoven has resigned as a Non-executive Director, effective July 2, 2024. Mr. Gavin K. Chadwick will take over Enthoven’s role, also starting on July 2, 2024.
Reason for Resignation
Dr. Enthoven’s resignation is due to his growing demands and extensive commercial commitments. His departure from both Clientèle Limited and Clientèle Life Assurance Company Limited marks the end of an era for the company.
Appreciation for Dr. Enthoven
The company expressed its gratitude for Dr. Enthoven’s contributions. His work has been pivotal to the group’s growth and success. The board wishes him well in his future endeavors.
New Appointment: Mr. Gavin K. Chadwick
Mr. Gavin K. Chadwick, previously Dr. Enthoven’s alternate director, will step into the role of Non-executive Director. He will also join the Group Nominations Committee and Group Remuneration Committee. Chadwick’s experience on the board positions him well for this new role.
Company Profile: Clientèle Limited
Clientèle Limited is a financial services group based in South Africa. The company provides a range of products including life insurance, loans, and investment solutions. Below is a summary of Clientèle Limited’s recent financial performance:
| Metric | FY23 | FY22 |
|---|---|---|
| Revenue | ZAR 2.1 billion | ZAR 1.9 billion |
| Net Income | ZAR 850 million | ZAR 780 million |
| Earnings per Share | ZAR 2.50 | ZAR 2.30 |
| Dividend per Share | ZAR 1.20 | ZAR 1.10 |
Future Outlook
Clientèle Limited’s future looks promising with a strong leadership team. The company continues to focus on expanding its market presence and product offerings.
Board’s Statement
The board of Clientèle Limited stated, “We are confident in Mr. Chadwick’s ability to lead and contribute to our strategic goals. His experience and insight will be invaluable.”
Conclusion
The resignation of Dr. Enthoven and the appointment of Mr. Chadwick mark a significant moment for Clientèle Limited. The company remains committed to its mission of providing exceptional financial services. With strong leadership in place, Clientèle Limited is poised for continued success.