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JOHANNESBURG - South African chemicals and explosives company AECI Limited (JSE:AFE) announced today that Chief Executive Officer Holger Riemensperger will step down effective immediately due to personal and family reasons.
Dean Murray, Executive Vice President of AECI Chemicals, has been appointed as interim CEO while the company searches for a permanent replacement. Murray brings over 18 years of leadership experience at AECI and has previously served as Group Executive responsible for AECI Agri Health and AECI Chemicals.
Board Chairperson Philisiwe Sibiya acknowledged Riemensperger’s contributions during his tenure, noting achievements in portfolio simplification, improved operational efficiencies, cost savings, and debt reduction. Under his leadership, the company reported a 132% increase in headline earnings per share in the first half of 2025 and resumed H1 dividend payments.
"During his tenure, Mr. Riemensperger delivered on the strategy with marked successes," Sibiya said in the company statement.
Murray holds a National Diploma in Chemical Engineering and has completed the Global Executive Development Programme at the University of Pretoria’s Gordon Institute of Business Science.
The Board’s Nominations Committee has begun the process to identify a permanent CEO, considering both internal and external candidates with the support of an executive search firm.
AECI Limited is listed on the Johannesburg Stock Exchange and operates in the chemicals and explosives sectors.
The information in this article is based on a press release issued by AECI Limited.
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