Sygnia joint CEO Magda Wierzycka to step down

CFO South Africa 25 March 2021

Current joint CEO David Hufton will take on the role of sole CEO when Magda steps down.

Sygnia has announced that Magda Wierzycka will be stepping down as joint CEO of the company with effect from 31 May.

Magda will remain involved in the company as a non-executive director, while David Hufton, who currently shares the role with her, will assume the role of sole CEO on 1 June.

Magda has been leading Sygnia since its inception in 2006. David was appointed as deputy CEO in July 2018 and as a joint CEO in April 2020.

“The board wishes to thank Magda for her dedication and devotion to the company she co-founded in 2006. The board is also confident that David and the current management team is well positioned to steer Sygnia into its next chapter,” the company said in a statement.

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