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NWK’s new CEO appointed

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On Monday, 4 September 2017, NWK’s board announced that Theo Rabe (49) has been appointed Chief Executive Officer with effect from 5 September. Rabe has been the group's financial director since 2005 and has been the acting managing director for the past nine months.

According to Heinrich Krüger (chairman of NWK’s board) the appointment stems from a transparent process that has taken place over several months, and in which external specialists were employed in the recruitment and assessment process. The board is of the opinion that his financial expertise, first-hand knowledge of the group and his agriculture-specific exposure over 24 years, corresponds with NWK's focus on core business, but also on future expansion opportunities.

Rabe is a chartered accountant and boasts more than 22 years of senior management experience. During his career, various divisions and functional disciplines reported to him, including corporate finance, financing, internal audit, retail, information technology and poultry operations. He was also closely involved in the development of the NWK Loyalty Programme that was recently launched.

Before joining NWK as Director Finance in 2005, he was employed by Rainbow Chicken Limited (now RCL Foods Limited) as regional financial manager. Earlier in his career, he was a senior accountant at NTK and general manager finance and information technology at the former NLK.

 

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