Business In The News

Alexander Forbes CFO resigns, goes to Discovery

Alexander Forbes on Friday announced the resignation of group chief financial officer, Deon Viljoen, after 14 years in order to pursue other opportunities.

The financial services group said Bruce Bydawell would assume the position of acting group chief financial officer after Viljoen’s resignation comes into effect from 30 April.

The company also announced the retirement of Peter Edwards, managing director of institutional financial services, with effect from 31 March, though he agreed to stay as a senior adviser post his retirement.

Alexander Forbes said extensive searches were underway to identify suitable candidates for both roles and were committed to appointing first-class leaders commensurate with the standing of the group.

Financial services group Discovery on Thursday announced the appointment of former Alexander Forbes executive, Deon Viljoen, as its new chief financial director.

Viljoen, who was named South Africa’s CFO of the year 2015 by CFO South Africa, has resigned as chief financial officer from Alexander Forbes and will step down at the end of April after 14 years.

At Discovery, Viljoen will succeed Richard Farber at the beginning of May, with set to remain as an executive director and to continue to provide support to Viljoen during the transition.

Prior to Alexander Forbes, Viljoen was a partner and director of PwC Johannesburg in their financial services team.

Discovery welcomed Viljoen to the group.

“Deon brings tremendous experience to this role, and will add value to the Discovery team,” the company said in a statement.


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