Allied Electronics Corporation (Altron) has announced the resignation of its group chief financial officer, Alex Smith, with effect from 28 February 2018.<\/p>\n
Smith leaves the company after 12 years of service, nine years of which was served on the Altron board, in order to pursue other opportunities.<\/p>\n
In a separate announcement, Net 1 UEPS Technologies said that effective March 1, 2018, Smith will be joining Net1 as its new CFO, secretary and treasurer.<\/p>\n
Smith replaces Herman G. Kotze, who was appointed as chief executive officer in June 2017.<\/p>\n
Prior to joining Altron, Smith worked in various positions at PricewaterhouseCoopers in Edinburgh, Scotland and Johannesburg from 1991 to 2005, initially as trainee accountant and later as audit manager and Associate Director of the Transaction Services department focused on providing specialized corporate finance services.<\/p>\n
Smith holds a Bachelor of Law (Honours) degree from the University of Edinburgh and is a member of the Institute of Chartered Accountants of Scotland.<\/p>\n
Altron said that an announcement with regard to the appointment of a new CFO will be made early in the new year.<\/p>\n
The group said that Smith will work closely with the new group CFO during a handover period.<\/p>\n