Libstar Holdings Limited advised that Mr. Charl de Villiers has been promoted to the position of Group Chief Financial Officer (CFO) and will be appointed to the Board as an Executive Director with effect from 1 January 2020. Mr. de Villiers has been a part of the management team since joining Libstar in October 2017 as Senior Financial Executive, with responsibility for all aspects of finance, financial control, tax, accounting and reporting for the Company. Mr. de Villiers succeeds the current CFO, Mr. Robin Smith.

Mr. Smith will remain an Executive Director of Libstar and will assume a broader commercial leadership role within the Company whilst also ensuring a smooth transition of the CFO position.