ADVTECH LIMITED - Changes to the board of directors retirement of CEO Roy Douglas and appointment of Geoff Whyte as successor

Changes to the board of directors
retirement of CEO Roy Douglas and appointment of Geoff Whyte as successor

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH       ISIN: ZAE000031035
("ADvTECH" or "the Group")


CHANGES TO THE BOARD OF DIRECTORS
RETIREMENT OF CEO ROY DOUGLAS AND APPOINTMENT OF GEOFF WHYTE AS SUCCESSOR

In accordance with paragraph 3.59 (a) of the JSE Limited Listings Requirements, the board of
directors of ADvTECH ("Board") announce that Mr Roy Douglas ("Roy") will step down from
his role on the Board effective 29 February 2024. Roy will remain with the Group for a
suitable period after he steps off the Board to ensure a seamless handover.
Roy has successfully led the Group in its expansion strategy during his tenure, resulting in
ADvTECH becoming the leading private education and recruitment group across the
continent. He has refocused the educational division brand portfolios into well positioned
brands with distinct value offerings. This, together with a focus on effectiveness and
efficiencies, resulted in a solid competitive advantage, and an agile and adaptive business
model. Also, noteworthy, is his leadership through a pandemic by remaining responsive to a
dynamic environment, where more than 70 000 students were seamlessly transitioned to an
online environment. He leaves ADvTECH in a strong position to continue its growth
trajectory.
The Board wishes to thank Roy for his invaluable contribution during his tenure as CEO of the
ADvTECH Group and wishes him well in his retirement.


The Board is excited to announce the appointment of Mr Geoff Whyte ("Geoff") as Group
Chief Executive Officer ("CEO") and Executive Director with effect from 1 March 2024.
Geoff holds a Master's degree in economics from the University of Aberdeen, Scotland, and
has more than 30 years' experience across various industries. He is a commercially focused
business leader with executive experience in global organisations including Unilever, PepsiCo,
Cadbury-Schweppes, SAB-Miller and Nando's. Geoff has a record of success in a wide variety
of geographies including South Africa, the UK, the USA, Holland, the rest of Africa, the
Middle-East and sub-continental India.
Commenting on the appointment, ADvTECH Chairman Chris Boulle said: "We are confident
that Geoff's track record and experience will enable him to build on the Group's successes."
Accepting the appointment Geoff said: "I am grateful for the opportunity and the faith the
Board has placed in me. I look forward to continuing to help to build and grow this
exceptional business, to ensure ongoing value creation, and the development of quality
education in South Africa and the rest of Africa".
4 December 2023
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 04-12-2023 07:05:00
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