PRETORIA – Group Five chief financial officer Christina Teixeira is set to leave the company next month.
Speaking at Group Five’s annual financial results presentation yesterday, group chief executive Themba Mosai said Teixeira had resigned to pursue a different career. He said Teixeira had played an invaluable role during her 16 years with the company, including eight years on the board.
Mosai said Teixeira had been instrumental in managing the group through extremely volatile conditions, adding that quite a number of construction companies had either gone into liquidation or business rescue in the past six months or so.
“We have a lot to thank Christina for the fact that we still stay where we are and we are not contemplating the fate that (has befallen) other construction companies.
“This year she has spearheaded the procurement of the bridge finance facility in the first half of the year under very trying conditions,” he said. This was a reference to the R650million bridge funding deal for 12 months from a consortium of local banks that Group Five announced in May this year.