The new appointments come when the company is at a critical point and needs new leadership.
Kagiso Tiso Holdings has announced the appointment of Tshepo Setshedi as its new CFO with immediate effect.
The group’s chairperson Nkululeko Sowazi said in a statement that the company had reached a critical point that required new leadership to successfully implement the company’s strategy and take advantage of the market opportunities ahead.
The black-owned investment holdings firm has also appointed Paballo Makosholo as its new CEO.
Setshedi has previously served as CFO of Kagiso Media and as an executive at Kagiso Trust Investments and Kagiso Tiso Holdings’ finance and investment divisions.
Prior to joining Kagiso Tiso Holdings he worked for Eskom Treasury and PwC. He is currently chair of various group companies and a non-executive director on other boards including Kaya FM, Heart FM and Gagasi FM. He is a qualified CA(SA) with more than 15 years’ experience in finance.
Sowazi added that Setshedi’s deep knowledge of the company, as well as his financial acumen, makes him highly qualified to take on the CFO role. “His appointment also ensures continuity, given his previous role in the company and Kagiso Media, which is one of the significant assets in our portfolio.”