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Accelerate Property Fund appoints Derick van der Merwe to board

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Accelerate Property Fund has confirmed the appointment of Derick van der Merwe as an independent non-executive board member, following the resignation of Gert Cruywagen in October 2020.

Accelerate Property Fund Limited released a statement on Tuesday, 19 January 2021, to announce the appointment of a new board member, Derick van der Merwe. The appointment of van der Merwe follows the resignation of former board member, Gert Cruywagen, which was announced last year.

According to the statement, “Derick is a CA (SA). He is an associate member of the Chartered Institute of Building, and past president of the South African Chapter of FIABCI (the International Real Estate Federation). Derick had a 28-year career in property, which included managing the planning and development of the V&A Waterfront, and holding various executive roles culminating in Chief Executive Officer of the V&A Waterfront. Derick has continued consulting to the property industry since 2008, both locally and internationally, and has extensive experience serving on boards, audit and risk committees and finance committees.

This appointment strengthens the property, corporate governance and financial skills on the board, and the board looks forward to Derick’s contribution to the ongoing success of the Company.”

The appointment of van der Merwe will take effect from Monday, 1 February 2021. Additionally, he will join the Audit and Risk Committee, and the Investment Committee as chairman.

See the post below.

Sabelo Makhubo
[email protected]

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