Marelise de Lange, newly appointed independent non-executive director with Delta Property.
Delta Property Fund (“Delta” or “the Fund”), a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today announced the appointment of Marelise de Lange as independent non-executive director with effect from 2 November 2015.
De Lange will also be a member of the Audit, Risk & Compliance Committee, a sub-committee of the Board.
Commented Delta non-executive Chairman, JB Magwaza:
“On behalf of the Board, I wish to welcome Marelise and look forward to her input both at Board level and as a member of the Audit, Risk and Compliance Committee.”
“Her 20 years’ operational and financial experience in the listed property industry will be invaluable in supporting Delta to achieve our longer term strategy and deliver on our shareholders’ mandate.”
Marelise is a CA(SA) and started her career at Absa Corporate and Merchant Bank in the Structured Finance division, before moving on to Absa Capital where she held the position of Business Manager – Structured Capital Market. In mid-2008, she joined International Housing Solutions, a property equity fund for affordable housing, as finance director where her duties included the implementation of IFRS accounting and reporting systems for the South Africa Workforce Housing Fund.
In 2009 Marelise joined JSE listed Vunani Group as Group Financial Manager and played an instrumental role in the successful listing of Vunani Property Investment Fund (now Texton Property Fund Limited) where she was appointed as Financial Director responsible for the full finance and accounting function.
Further to the above appointment, Mr Paul Simpson, currently an independent non-executive director and member of the Audit, Risk & Compliance Committee will step down as a member of the Audit, Risk & Compliance Committee.
