Raubex Group Limited announced Rudolf Fourie will assume a new position as non-executive Deputy Chairman of the Company from 1 August 2022 with a focus on business strategy and M&A. As part of a succession process, the Board announced that Felicia Msiza, currently Executive Director: governance, risk and compliance, has been appointed as CEO of the Company, effective 1 August 2022. In addition, due to the increasing scale and complexity of the business, the Board has taken the decision to create an Executive Chief Operating Officer position which will be assumed by Dirk Lourens, the current Managing Director of Raubex's Infrastructure Division. Rudolf joined Raubex in 1997 as Managing Director.

Under his leadership, Raubex successfully diversified and grew into one of South Africa's leading infrastructure development and construction materials supply groups with operations across Africa and Western Australia. Felicia joined Raubex in February 2011 as an independent Non-executive Director and was subsequently appointed as Executive Director in March 2017. Her extensive knowledge and experience in the field of governance, auditing and risk management have been instrumental in enabling Raubex to strengthen its structures and processes in line with its growth.

Dirk joined Raubex in 2012 when the Infrastructure Division was established and was appointed Managing Director of the division in May 2017. With 29 years' experience in the construction industry, Dirk played a leading role in growing the division in support of Raubex's diversification outside of the road construction sector, including in renewable energy, rail, telecommunication as well as housing and commercial building refurbishment and construction.