STATEMENT DEBACLE
New finance chief to stabilise Rolfes
The chemicals group brings in new numbers man Andre Broodryk after its shock disclosure
Small-cap chemicals group Rolfes has finalised its new numbers man — a month after shocking the market with the disclosure that its previous financial statements were riven with accounting errors. Andre Broodryk, a former financial head at listed group Interwaste Holdings, has been named chief financial officer. He joins recently installed permanent CEO Richard Buttle, one-time chief financial officer at document storage firm Metrofile. Buttle was meant to be a temporary stand-in as Rolfes’s financial head after former chief financial officer Johan Ferreira quit in May before the accounting mess became public. But the debacle also cost CEO Lizette Lynch’s job, who resigned after the results were released in October. According to Rolfes, "Broodryk is … already very familiar with the Rolfes group, having held the position of financial director of the Bragan Foods division since July 2017". Buttle, who admits he was "only meant to be temporary" when appointed in May said that Broodryk ...
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