Poynting Holdings Limited announced that Dries Mellet has resigned as an executive director.
Director Dries Mellet resigns from Poynting HoldingsStaff writer | Johannesburg, South Africa | Monday October 27, 2014 6:27AM ET
Mr. Mellet will however, continue to serve the Group in the capacity of Chief Operating Officer.
Mr. Mellet is currently employed by PSG Private Equity, which invested in Poynting.
He is a qualified chartered accountant and has been employed by the PSG Group.
He acted as secretary to the PSG Group Exco before joining PSG Private Equity.
Mr. Mellet has served as non-executive director on a number of companies in which PSG Group and specifically PSG Private Equity held investments.
Nico de Waal has been appointed as a Non-Executive Director and he will also join the Audit and Risk Committee.
Mr. de Waalbegan his career as an engineer with Baker Hughes Inc. (USA) in Scotland and the Middle East in the oil and gas exploration industry.
He then specialised in strategy and operations work as a management consultant at McKinsey & Co. and at SAB Miller.
He is currently the Chief Executive Officer of PSG Private Equity.
Mr. de Waal holds a B.Eng (Mech) Cum Laude degree from the University of Stellenbosch and a MBA from IESE Business School of the University of Navarre (Spain). ■