Proven Announces Retirement of Co-Founder and CEO

• PROVEN Group Limited has announced that Mr. Christopher Williams, the long-standing CEO of PROVEN Management Limited (“PML”) and co-founder of PROVEN Group Limited (PGL) will retire from his role in PML’s day-to-day operations effective January 31, 2025.
• Christopher Williams has served as President and CEO of PROVEN Management Limited since its inception. January 31, 2025 will mark the fifteenth anniversary of the Group, which has benefited from his dynamic and visionary leadership.
• While retiring from daily executive operations, Williams will remain a significant shareholder, active director of PML, and member of the Investment Management Committee.
• Additionally, he will continue to sit on the board of directors of several of PGL’s subsidiaries. In these capacities, Williams’ expertise, strategic insight, and guidance will remain an invaluable asset to the ongoing growth and success of the Group.
• PGL’s stock price has decreased by 14.9% since the start of the calendar year. The stock closed Thursday’s trading session at $19.14 and currently trades at a P/E of 6.19x which is above the Main Market Financial Sector Average of 12.74x.

(Source: JSE & NCBCM Research)