Financial software development company SilverBridge says David Smollan did not stand for re-election at its annual general meeting.
Smollan was due to retire by rotation, and elected not to stand to be re-elected as a non-executive director, citing time constraints.
He will retain his position on the board of directors of SDT Financial Software Solutions, a SilverBridge subsidiary.
Smollan, a qualified chartered accountant, was a key role player in the reverse listing of SDT as SilverBridge. In November last year, he joined the Smollan Group as executive director responsible for group services, strategy, and mergers and acquisitions.
The Smollan Group is a diversified marketing services company, focused on providing visibility, mobility and intelligence for a spectrum of brands.
Founded in 1931 by rugby Springbok Fred Smollan, the Smollan Group opened its doors initially as a Gauteng-based sales agency.
South African company law requires that directors automatically retire after a fixed period, but can stand for re-election at a company's annual general meeting.
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