Press Release |

Resignation of Faith Khanyile as CEO of WDB Investment Holdings

Johannesburg, 6 May 2022

Faith Khanyile

It is with both gratitude and sadness that WDB Investment Holdings (“WDBIH” or the “Company”) confirms that Faith Khanyile has resigned from the Company, after more than eight years as CEO to pursue personal interests and spend more time with her family.

As one of the founding members of WDBIH 25 years ago, alongside Tania Slabbert, Faith played an integral role in growing and developing the business. She has left an indelible mark on its employees, shareholder, investee companies, and the lives of all those she interacted with.

Faith’s passion for the economic empowerment of women saw WDBIH adopt a strong advocacy role and lead a number of initiatives with partners to address important issues, such as the gender pay gap and the empowerment of the youth and women entrepreneurs.

Faith was also committed to seeing greater representation of women on boards in South Africa, and she continues to be a role model for women across the country. While making her mark on the corporate world, she always remained true to the WDB founding vision of promoting the socio-economic development of women in South Africa’s rural areas.

With effect from 1 May 2022, the Board has appointed Nicola Gubb as the Acting CEO of WDBIH, whilst it undertakes the process of appointing a permanent CEO. Nicola joined WDBIH in April 2005 as the team’s Investment Executive and was appointed as the Chief Investment Officer in 2012. Nicola has been responsible for strategic portfolio growth, lead generation, capital raising and allocation, ongoing portfolio maintenance and investment partner relationships.

WDB Investment Holdings would like to thank Faith for her years of service and the significant contribution she made in shaping WDBIH into the entity it is today. We wish her every success in her new ventures. Faith, wherever you go, you will always have a home at WDBIH.

 

 

Statement Released by WDBIH. For further information please contact Wendy Groenewald, wendyg@wdb.co.za