Heriot Properties (Pty) Ltd. announced that Steven Herring has stepped down as chief executive officer of the company but will remain on the board as a non-executive director. Richard Lawrence Herring has been appointed as chief executive officer and an executive director of Heriot with effect from 18 August 2017. Richard is a qualified chartered accountant who completed his articles at Grant Thornton (previously Fisher Hoffman Sithole).

In 2003, Richard joined Heriot Properties Proprietary Limited where he gained extensive experience in the management and development of the retail portfolio.