The extraordinary growth of the Acsion Group’s portfolio is as a result of a deep and unparalleled understanding of all facets associated with the planning, development, construction, letting and property management processes of the Acsion Group’s directors, management and personnel.
Acsion employees are the catalyst of the Group’s success. Their dedication, knowledge and skills, enable the Group to adapt quickly to an ever-changing environment, and ensure that the business remains sustainable in the future. Attracting, retaining and developing appropriately skilled employees who are passionate about the industry and committed to Acsion’s values and culture are fundamental to Acsion’s future success.
Board of Directors
The Board of Directors (the Board) is responsible for the strategic direction and control of the Acsion Group. The Board exercises its duties and responsibilities through the governance framework of the Group, which includes detailed reporting to the Board and its committees, Board-reserved decision-making matters and a system of assurances on internal controls. The Board consists of six members, two of whom are executive directors, with the remaining four members being independent non-executive directors. The Board is well balanced, consisting of members with:
The board is well-balanced, consisting of members with:
Hector Zarca
Independent Non-executive Director and Chairperson of the Board
Qualifications
BCom, BAcc, CA(SA)
Date of appointment
1 July 2022
Hector completed his articles and passed his Board Examinations in 1985 whereafter he joined the South African Revenue Service on a four-year contact. In 1989, Hector commenced his banking career by joining the Project Finance Division of Standard Bank. His last position at Standard Bank was as Chief Financial Officer of the Commercial Banking Division of the Bank in 1996.
His banking career spanned a period of 21 years, the last nine years of which was as the Chief Executive Officer (CEO) of the then Bank of Athens.
He retired from banking in 2010 to embark on his career in residential property development, investment and letting. He currently manages his own residential property portfolio and other investments.
Hector joined the Board of Acsion Limited on 1 July 2022 as an Independent Non-executive Director and Chairperson of the Board. He is also a member of the Remuneration Committee.
Kiriakos Anastasiadis
Director and Chief Executive Officer
Qualifications
Pr Eng, MSc Eng (Structural)
Date of appointment
17 September 2014
Kiriakos started the first development that forms part of the Group now known as Acsion approximately 21 years ago.
He holds a Master’s degree in BSc Structural Engineering and is a registered professional engineer with over 39 years’ construction and property development experience.
Dr P. David Sekete
Non-executive Director
Qualifications
BSc, MBChB, MSc (Med)
Date of appointment
17 September 2014
Dr P David Sekete is a medical practitioner with 34 years’ experience in this field.
He has held various directorships at subsidiary level of the listed Acsion entity over the past 11 years. Prior to this, he was a director at several companies, including Meditech, Buhle Waste, Liseko Healthtek and Razorite Healthcare (RH) and Rehabilitation Fund, managing a budget of R2.5 billion used for developing hospitals.
He is a member of the Health Professions Council of South Africa (HPCSA) and the South African Medical Association (SAMA).
Leora Osrin-Karp
Independent Non-executive Director
Qualifications
BProc, LLB
Date of appointment
1 July 2022
Leora has 25 years of legal, commercial, corporate and property experience.
She has held various senior or executive positions in a number of sectors, including supply chain, telecommunications, mining and property.
She was appointed to Acsion’s Board on 1 July 2022 as an Independent, Non-executive Director and is a member of the Audit and Risk, and Social and Ethics committees.
Chris van Rensburg
Director and Chief Financial Officer
Qualifications
BCompt, BCompt Honours (Accounting), CA(SA)
Date of appointment
1 November 2021
Chris holds a BCompt and qualified as a chartered accountant in 2006. He is a member of the South African Institute of Chartered Accountants (SAICA).
He joined Acsion in November 2021 from an institutionally backed real estate investment business focused on affordable markets, where he served as the Chief Financial Officer. Prior to that he spent two years in the Cayman Islands whereafter he returned to South Africa and gained experience in the construction and insurance industries.
Marianne Kok
Independent Non-executive Director and Chairperson of the Audit and Risk Committee
Qualifications
BCom, BCom Honours (Accounting), MCom, CA(SA)
Date of appointment
1 September 2021
Marianne is a Lecturer at Wits University’s School of Accountancy. She holds a Master’s degree in Accountancy from Wits. Her research interests include auditing, corporate governance, financial reporting and integrated reporting.
She started her career as an academic article clerk at KPMG followed by 12 years’ post-article experience in the South African banking sector as Head of Internal Audit and later as Chief Financial Officer at the then South African Bank of Athens.
She was appointed to Acsion’s Board on 1 September 2021 as a Non-executive Director and is currently the Chairperson of the Audit and Risk Committee.
Michael Reynolds
Company Secretary
Qualifications
BCom, BCom Honours, CA(SA), BA C.IFRS, RA(SA)
Date of appointment
4 December 2014
Michael was the Group’s audit partner at MWRK Auditors Inc. between 2005 and 2012. He completed his articles at Deloitte & Touche in 1986 after which he joined the South African Revenue Services (SARS) for five years before leaving as a Deputy Director to start his own practice with a partner.
He spent six years in public practice, followed by eight years in commerce.
Michael and his consortium partners listed a building facility management Group on the JSE where he served as Financial Director and Managing Director in the late 1990s. This was followed by a financial directorship at Command Holdings Limited and a Chief Financial Officer appointment at RMB Properties before he returned to public practice where he has been engaged for the past 19 years.
