Stellar Capital Partners heralded the release of its interim results with another top executive resignation: that of chief financial officer Charl de Villiers. He has stepped down to pursue "other interests" and will be replaced in the interim by Sean Graham, Stellar’s present company secretary and chief risk officer. De Villiers’s departure follows that of CEO Charles Pettit, who officially leaves the investment company on Thursday, and who was replaced with the company’s former CEO, Peter van Zyl. The management shakeup comes amid a share price slump: Stellar has lost 49% of its value year to date and said in Thursday’s results that the board and management were "undergoing a strategic and operational review" to improve shareholder returns and allocation of capital. During the period, Stellar bought a 48.8% stake in financial services group Prescient, which now represents its single largest investment by value. Stellar says the asset performed "satisfactorily" in the seven-month p...
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