Chris van der Merwe, the founder and CEO of fast-growing private education group Curro, will not be relinquishing his executive responsibilities. On Tuesday, Curro announced that Van der Merwe — a highly respected figure in the education sector — would serve as CEO of newly formed tertiary learning subsidiary Stadio Holdings. Stadio will soon be unbundled out of Curro and separately listed on the JSE. Earlier in 2017, Curro announced Van der Merwe would step down as CEO of Curro in July to take up a nonexecutive role in guiding the company on strategic matters. Vunani Securities analyst Anthony Clark said Van der Merwe’s appointment as CEO of Stadio was a positive move. "He leaves a very capable and experienced Andries Greyling in charge at Curro. Curro has reached critical mass and can now stand on its own two feet." Clark said it was reassuring that Van der Merwe’s experience would be brought to bear at the new tertiary business. In a Sens statement, Curro reaffirmed its intention...
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