Murray & Roberts (M&R) has appointed Daniël Grobler CA(SA) as its new group FD, effective April 1, to succeed retiring Cobus Bester who was in the position for six years.
A chartered accountant, Grobler has been employed in various financial and leadership functions within the group since 2010. Most recently, he was the MD of M&R Cementation, the group’s African underground mining business, with a yearly turnover of R3.5-billion.
Prior to that, he held positions in finance at the company, including Underground Mining business platform CFO and group corporate finance executive, where he engaged with the group’s financial stakeholders.
Bester will step down as FD on March 31.
Meanwhile, M&R on Thursday also reported that the Competition Tribunal has approved the sale of its infrastructure and building businesses to a consortium led by the Southern Palace Group of Companies.
Certain conditions precedent in respect of the transaction remain outstanding, but M&R expects the transaction to conclude before the end of the current financial year.