LSAK - Lesaka appoints fintech entrepreneur Ali Mazanderani as Chairman Kuben Pillay as Lead Independent Director and Chris Meyer to conclude tenure as Group CEO in February 2024 | Benzinga
JOHANNESBURG, South Africa, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK)) today announced that Chris Meyer will conclude his tenure as Lesaka Group CEO on February 29, 2024. During his nearly three years as Group CEO, Chris has led the successful turnaround and building of the Lesaka fintech platform. Chris will remain a director of Lesaka.
Commenting on the conclusion of his tenure as Group CEO, Chris said, "I have dedicated all my energy over the past nearly 3 years to the turnaround and rebuilding of the Lesaka platform, spending the majority of that time apart from my family in the UK. The vibrant and energized Lesaka of today looks very different to the business we took on almost 3 years ago, and I am exceptionally proud of what this extraordinary team has achieved. The Consumer division has returned to profitability and the Connect Group acquisition has been a resounding success. Furthermore we have built a strong leadership team, implemented a robust corporate governance and risk management framework, and developed a values system and culture which resonates with our 2,400 colleagues across Southern Africa. I believe we have achieved what we set out to do when we started this journey, and I feel that the time is right for me to return to my family and hand over to a new leader who will take this extraordinary group of people into an exciting future. Ali is an exceptional leader and fintech entrepreneur and is the perfect candidate to lead Lesaka in its next exciting growth phase."
Ali Mazanderani will assume the Executive Chairman role on February 1, 2024.
Ali has been a member of the Lesaka board since 2020. It was Ali's vision to build the leading fintech platform in Southern Africa that set Lesaka on its journey. He presented this strategy to the market at Lesaka's Q4 2020 earnings call and has played a key role in Lesaka's evolution, serving as a board director and ...