Ecsponent Limited announced that Terence Gregory will step down as Chief Executive Officer (“CEO”) of Ecsponent on 31 December 2019. As successor, the board of directors of Ecsponent (“Board”) has appointed the group's current Financial Director, Dirk van der Merwe. Terence will remain on the Board as a non-executive director subject to ratification at the next annual general meeting of shareholders, while also pursuing other business interests.

A further announcement will be made in due course in respect of the appointment of a suitable Financial Director to replace Mr. van der Merwe and any consequential changes to the Company's committees.