Mustek Group Appoints New CEO

Mustek, a JSE-listed know-how firm, has introduced Hein Engelbrecht because the Group’s CEO.

Hein grew to become appearing CEO shortly after the passing of the then CEO and founder David Khan in Might 2022. The corporate’s board made this choice as plans to make sure short-term uninterrupted continuity of the corporate, the Group stated on the time.

Engelbrecht has been with the corporate since 1997. He joined the Group on the time as Group Monetary Supervisor and was promoted to Group MD in 2007.

“Having been on the board for 21 years and having working intently with Mr David Kan, the board is assured that along with his work expertise and expertise, he’ll stabilise and transfer the group ahead till such time as a everlasting appointment is made,” Engelbrecht stated when he was appointed as appearing CEO.

Mustek was devasted on the passing of its founder and described it as “deeply emotional” for each the household and colleagues of the late Khan. Engelbrecht has, nonetheless, appeared to have stored the corporate afloat, contemplating this new choice to stay CEO.

In accordance with Merchantec Capital, the corporate’s income development is predicted to extend by 10.9% to R5.8bn ($354.3-million) for FY22 and an additional 7.4% to R6.2bn ($378.8) in FY23.

Edited by Zintle Nkohla 

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