As Chairman, Patrick Balopi steps down
Seasoned politician and businessman, Patrick Balopi has announced intentions to step down from the Turnstar Holdings’ board chairmanship. The retirement comes after serving the company’s board for the last twenty years. “As a founding member of Turnstar, we remain grateful to him for his sterling service, stewardship and commitment to this business,” said a statement from the company to shareholders.
Balopi has however offered to be re-elected as a Non-Executive Director. Turnstar says Butler Phirie, who serves at present as a non-executive director on the Board, following ratification at the company’s annual general meeting, would assume the role of Board Chairman effective end of July. Meanwhile, Pierre Bezuidenhout has tendered his resignation from the board, after nine years, paving way for new prospective young experienced candidates. New proposed board Members include Thobo Kerekang and Amaresh Chetty, both of whom would, post ratification, serve as non-executive directors. Kerekang is a practicing attorney and a Legal Executive at Special Economic Zones Authority (SEZA) and prior was Legal Counsel and Company Secretary at Kgalagadi Breweries Limited. He is also the Co-Founder of Keno Custom Suits. Chetty is the Chief Investment Officer at Ngwenya Capital and has in excess of 15 years' investment and commercial experience across various sectors, including but not limited to real estate, healthcare, and financial services.
Balopi has however offered to be re-elected as a Non-Executive Director. Turnstar says Butler Phirie, who serves at present as a non-executive director on the Board, following ratification at the company’s annual general meeting, would assume the role of Board Chairman effective end of July. Meanwhile, Pierre Bezuidenhout has tendered his resignation from the board, after nine years, paving way for new prospective young experienced candidates. New proposed board Members include Thobo Kerekang and Amaresh Chetty, both of whom would, post ratification, serve as non-executive directors. Kerekang is a practicing attorney and a Legal Executive at Special Economic Zones Authority (SEZA) and prior was Legal Counsel and Company Secretary at Kgalagadi Breweries Limited. He is also the Co-Founder of Keno Custom Suits. Chetty is the Chief Investment Officer at Ngwenya Capital and has in excess of 15 years' investment and commercial experience across various sectors, including but not limited to real estate, healthcare, and financial services.
