Stefanutti Stocks: Group appoints new financial officer

STEFANUTTI Stocks had appointed Antonio Cocciante as the group’s new chief financial officer from June 1, it said yesterday. The listed construction group said Dermot Quinn would be retiring as group chief financial officer and executive director on May 31, but would remain on the group’s board as a non-executive director from June 1. Cocciante, a qualified chartered accountant, joined Stefanutti Stocks in 2006 and holds the position of group financial controller. He worked for six years in the audit and corporate finance divisions at Deloitte and was chief financial officer at EOH Holdings for six years. Stefanutti Stocks also reported yesterday that it had appointed Mafika Mkwanazi as an independent non-executive director from today. Mkwanazi is the non-executive chairman of Hulamin, sits on the board of the Mediterranean Shipping Company South Africa and has held senior positions at several companies, including SA Breweries, Bristol-Myers Squibb and BMW South Africa. Stefanutti Stocks shares on the JSE dropped 1.69 percent to R5.80. – Roy Cokayne