MAS Real Estate Inc. announced that Morné Wilken has tendered his resignation as a director and Chief Executive Officer of the company. The board has commenced the process of identifying and appointing a suitable successor to drive the existing strategy and further announcements will be made as and when appropriate. Upon Morné's departure, Malcolm Levy, the current Chief Financial Officer ("CFO"), will act as interim CEO until a permanent replacement has
been appointed. Paul Osbourn, Executive Director, will take over as CFO with immediate effect in order to allow the executive team to manage the transition process most effectively. Paul, a Fellow of the Institute of Chartered Accountants in England and Wales, comes with significant financial and corporate finance experience.