Casper Troskie leaves Liberty for ‘competitor’

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Cape Town – The share price of Liberty Holdings [JSE:LBH] dropped slightly by 1.75% before making a quick recovery, following the announcement that its financial director has resigned.

The financial services and property holding company said in a note to shareholders on Tuesday that its financial director Casper Troskie resigned.

Liberty explained that Troskie was leaving after seven years of service, to pursue an opportunity at a “competitor” of Liberty.  

The resignation is with immediate effect, but Troskie will be available to Liberty as there is a contractual three-month notice period.

Troskie’s successor is yet to be appointed.

The share price, which was trading at R126.72 just before the SENS announcement at 09:45, dropped to R124.50 by 10:00. However, it recovered to trade at R126.50 by 11:27.

Last year CEO Thabo Dloti resigned following a difference of opinion with the board.

David Munro of Standard Bank Group, which owns 55% of Liberty, took over as CEO. At the time, former Standard Bank CEO Sim Tshabalala said it remained confident of Liberty’s long-term profitability, competitiveness and sustainability. 

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