CEO of one of South Africa’s oldest companies calls it quits

The CEO of York Timber Holdings, Gabriël Stoltz, has announced his resignation after nearly four years at the helm. His successor has not been selected.

Established in 1916, York Timber is South Africa’s largest solid wood processor, specialising in the production of lumber and plywood.

It was listed on the JSE in 1946, making it one of the oldest companies on the exchange. It currently has a market cap of around R900 million.

On Friday, 20 March 2026, York Timber informed shareholders that Stoltz will be resigning from his role as CEO and an executive director at the company at the end of March.

Stoltz previously served as the company’s chief financial officer (CFO) and executive director from 2017.

He was appointed to interim CEO in July 2021, and made the permanent chief exec a year later. 

“During his tenure, he has served the company with distinction, first in his capacity as CFO and most recently as CEO,” York Timber said.

“The board extends its sincere appreciation to Mr Stoltz for his leadership, unwavering commitment and significant contribution to York during his tenure as both CFO and CEO.” 

“Under his stewardship, the group has navigated a complex operating environment while strengthening its strategic positioning for the future.”

York Timber said Stoltz has played a pivotal role in advancing the business, acknowledging the lasting impact of his leadership on the organisation and its stakeholders. 

“The Board further welcomes Mr Stoltz’s agreement to remain available to the group, on an as-needed basis, during the transition period, thereby ensuring continuity and providing such support as may be necessary,” it said.

“The board would like to assure all stakeholders that the York leadership team is stable, experienced, and skilled.” 

York Timber has started looking for Stoltz’s replacement, saying it would keep shareholders updated once a new CEO is found.