Jannie Mouton has resigned from the group to give certainty to the investment community.
PSG announced yesterday that their founder, Jannie Mouton, will be stepping down as non-executive chair and director of PSG and its subsidiaries, PSG Financial Services and Zeder, with immediate effect.
This after Jannie announced in May that he had been diagnosed with an early form of dementia.
In his resignation letter, Jannie, whos son is the CEO of PSG Group, said that his health condition, though challenging, has created opportunities for him and those around him.
“It has allowed me to spend more time with my wife and family, to engage with others in ways that I had never done before and to take stock of what has been created. It has also allowed me to pass the baton by way of a smooth transition to those individuals whom I have groomed over many years.”
He said that the group and all the various investee companies have exceptional and innovative management teams in place and that he will follow them with interest as a shareholder.
“I have been fortunate to have had an incredible corporate life. I look back to so many things that we have built from humble beginnings. There are no shortcuts to success. It takes innovation, hard work, dedication and always a bit of luck. I have also been fortunate to work with talented individuals that have all the aforesaid qualities. Please continue with your good work - you have the PSG DNA!”
In his letter he explained that he was stepping down to focus on his health.
“I need to focus on my health, I need to further relinquish responsibilities I may have, and I need to give certainty to the investment community at large. I have therefore, after careful consideration and deliberation with my medical team, family, friends and PSG colleagues, decided to resign as a non-executive chairman and director from the PSG Group, PSG Financial Services and Zeder boards.”
He thanked the investors that believed in and supported PSG Group, the hard work and dedication of the employees serving throughout the bigger group, the PSG Group Board, Executive Committee and everyone else at the office for their continued commitment and support. Lastly, he thanked his family and wife, Deidré.
