Greenbay Properties Ltd. announced that Paul Simon May (Chief Financial Officer) and Ronnie Porter (Independent Non-Executive Director) have resigned from the Board with effect from 16 August 2017. Mr. Jacobus "Kobus" van Biljon has been appointed as the Chief Financial Officer of the company with effect from 16 August 2017. Kobus is a CA(SA), having completed his articles with KPMG.

He has extensive property industry experience gained with KPMG in New York, the former Rockcastle Global Real Estate Company Limited and Resilient REIT Limited. Kobus joined Greenbay in June 2017. Mr. Barry Stuhler has been appointed as an Independent Non-Executive Director with effect from 16 August 2017.

Barry is a CA(SA), having completed his articles with Arthur Young. His extensive property industry experience includes time with Integrated Property Resources, Intaprop Management Services, Inline Properties and as a founding director of Resilient REIT Limited. In addition, Barry served as managing director of both Property Fund Managers Limited and Pangbourne Properties Limited.

Barry will replace Ronnie Porter on the audit committee, nomination committee, investment committee, remuneration committee (as chairman) and social and ethics committee (as chairman) of the company.