African and Overseas Enterprises Limited announced that Mr. Marcel Golding has been elected chairman of the board of directors of the company with effect from 30 September 2017 in place of Mr. Michael Krawitz, who has retired as chairman of the board of directors and as a non-executive director of the company with effect from 30 September 2017. Shareholders are furthermore advised that as neither Mr. Marcel Golding nor Mr. Michael Krawitz are independent non-executive directors in the manner contemplated in King IV, Mr. Patrick Naylor (who is an independent non-executive director) was re-appointed as the lead independent non-executive director of the company on 7 September 2017.