Adcorp Holdings Limited announced that Dr. John Peter Wentzel ("Dr Wentzel") will replace Mr. Phil Roux as chief executive officer ("CEO") of the Company with effect from 1 April 2021. The board announced that Mr. Roux has agreed to remain an executive director of the Company until 30 April 2020 in order to assist Dr. Wentzel as the new CEO and to ensure a seamless transition.