Octodec Investments Limited’s Board of Directors have announced that Riaan Erasmus will assume the position of Deputy CEO of the REIT with effect from the 30th of November 2024.
In April 2024, Octodec announced the appointment of Erasmus as its incoming executive financial director and debt officer.
The change to its leadership is in line with the Group’s long-term success plan aimed at growing the business and in his new role, Erasmus will be employed full time with a focus on optimising the Group’s portfolio and assessing the merits of the internalisation of its asset and property management services currently provided by City Property Administration.
“Riaan has a keen passion for, and understanding of not only property, but the unique composition of Octodec’s business, and is the right person to take the portfolio to new heights. I look forward to Riaan’s contribution in his new capacity as he prepares to ultimately succeed me,” said Jeffrey Wapnick, Managing Director of Octodec.
