Metrofile Holdings Limited announced that Mr. Graham Wackrill had given notice of his intention to retire as CEO on March 31, 2016. He will continue as a non-executive director. The Board announced that Mr. Pfungwa Serima will be appointed to the Board as CEO-Designate on February 1, 2016 and will take over as CEO on April 1, 2016.

Mr. Serima is currently the Executive Chairman of SAP Africa and his previous positions included being CEO of Accenture Technology Solutions, CEO of Microsoft South Africa and then CEO of SAP Africa. In addition to his successes in South Africa, he also led and executed the SAP Africa expansion program establishing five regional offices employing 800 people. Mr. Serima is also a non-executive director of Wesbank.