Clover CFO, Louis Jacques Botha, to step down

AA – Louis Jacques Botha, the Company’s Financial Director, has tendered his resignation as an executive director of the Company, with effect from 2 January 2016, for personal reasons and in order to spend more time with his family. Jacques has been with Clover since 2006 when he was appointed as Executive: Corporate Development and played an instrumental role in formulating and establishing Clover’s unique milk procurement system, or CUMPS, which remains an industry leader to this day. In 2007 Jacques was appointed as Clover’s Financial Director.

Jacques also played an instrumental role in negotiations and events that culminated in our successful listing on the JSE on 14 December 2010. Since our listing, Jacques and his team has won the coveted Investment Analyst Society’s award for excellence in reporting for three consecutive years.

The board of directors extends its sincere thanks to Jacques for his valuable contribution to Clover throughout his tenure and wishes him well in his personal endeavours.

Elton Ronald Bosch, currently an Executive in Business Development, Risk & Africa will succeed Jacques as Executive Financial Director, with effect from 2 January 2016.

Prior to joining Clover in June 2012, Elton was a partner at Deloitte. He holds a B.Com (Hons) and CA (SA) qualification, is registered with IRBA and SAICA and was a member of SAICA’s Accounting Practice Committee (APC). Elton gained extensive experience in the private and public sectors, across a broad range of services within the auditing and accounting profession. He has also been extensively involved in Scientific Research at the CSIR, and the Agricultural Research Centre (ARC), on a host of issues confronting the South-African economy, including agricultural reform. He was the regional leader responsible for the Deloitte Risk Advisory division in Pretoria. Having served on the Executive Committee for the past three years, and being responsible for the Integrated Report, he will comfortably step into the position of Financial Director.


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