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BUSINESS MODEL

AND STRATEGIC

OBJECTIVES

LEADERSHIP

GOVERNANCE

SHAREHOLDERS’

INFORMATION AND

ADMINISTRATION

OPERATING

PERFORMANCE

FINANCIAL

PERFORMANCE

BLUE LABEL INTEGRATED ANNUAL REPORT 2014

31

CHAIRMAN’S

REPORT

CONTINUED

With effect from 14 November 2013, David Rivkind

stepped down as Financial Director in order to pursue

other business opportunities. During his 11-year

tenure David made a stand-out contribution in

leading the Group’s finance and administration

activities. In terms of our internal succession plan, we

welcomed Dean Suntup, previously Financial Director

of The Prepaid Company, to the Board as the

Group’s Financial Director and look forward to

extending our working relationship with him in his

new position.

“In the future, the distinction between high and low-income countries,

or between emerging and mature markets, will not matter. The question

will be whether an economy can innovate.” Professor Klaus Schwab –

Founder and Executive Chairman of the World Economic Forum.

I thank the Board, the management team led by

Brett Levy and Mark Levy, all employees and other

stakeholders for their support over the past year.

Larry Nestadt

Chairman

22 October 2014