Richard Sanders CEO of the waste recovery management company Oricol Environmental Services will retire at the end of June.
Graeme Smart and Dirk De Wet will take over from Sanders on 1 July and jointly share the position of CEO.
“Graeme has strong financial and administrative capabilities, and he will continue with these roles,” Sanders said. “Dirk is extremely strong on the commercial side and will fulfil the commercial responsibilities relating to the business.”
Richard Sanders said the company’s strong balance sheet and solid financial reserves had helped it weather the storm of the Covid-19 pandemic and last year’s unrest in KwaZulu-Natal and Gauteng.
Sanders will continue with the company as Executive Chairman.