Jennifer Allen has been appointed as CFO of the group and Amy Sherk as CFO of the India and Africa divisions.
Canadian Fairfax Financial Holdings, which is the majority shareholder of South African Afgri, has announced the appointment of two finance professionals who have worked their way up through the company to executive level to the role of CFO.
Jennifer Allen has been appointed as the CFO of the Fairfax group and will be taking over from VP of corporate development John Varnell, who has been serving as interim CFO.
Amy Sherk has also been appointed as CFO of Fairfax India and Fairfax Africa.
Jennifer has been with the company for more than 13 years, having most recently served as its VP, and CFO of both Fairfax India Holdings Corporation (Fairfax India) and Fairfax Africa Holdings Corporation (Fairfax Africa).
Amy, who will be taking over Jennifer’s old role, has been with the company for more than 15 years. Before being promoted to CFO, she was the assistant VP of investment accounting.
Fairfax CEO and chairman Prem Watsa said:
“We are so fortunate to have the executive depth within our group to continue, as we have in the past, to allow our personnel to move between roles. We thank John for his tireless dedication to Fairfax and serving as interim CFO. Jennifer has done an outstanding job for Fairfax in all her numerous roles over the past decade. We also know from our long relationship with Jennifer that she has both the knowledge and experience to seamlessly assume the CFO position at Fairfax.”
Afgri itself also has a woman CFO, Rivasha Maharaj.