Calgro M3 CEO to step down

Calgro M3 announced today that its CEO, Wikus Lategan, will resign at the end of this year. Its former CEO and co-founder will step in as CEO designate.

Calgro M3 is a property and property investment company specialising in integrated residential developments and the development and management of memorial parks.

The company announced on Friday that Lategan has resigned from the board of Calgro M3 and as CEO with effect from 31 December 2024 to pursue other interests. 

Another board member, Waldi Joubert, has also resigned from the board and as Managing Director of Memorial Parks with effect from 31 December 2024 to pursue other interests.

Lategan has been at the company for sixteen year, and under his leadership Calgro M3 has transformed into one of South Africa’s largest integrated residential developers.

Joubert served as Group Financial Director for seven years prior to his appointment as Managing Director of the Memorial Parks business in 2022. 

Under his leadership, Memorial Parks has grown from strength to strength, becoming a vital and thriving division within the group.

“The Board would like to express its sincere gratitude to Messrs Lategan and Joubert for their significant contributions to Calgro M3 during their long and loyal tenure,” the company said. 

“Their leadership and dedication have been instrumental in the company’s growth and success, and the board wishes them all the best in their future endeavours.”

The company further announced that Ben Pierre Malherbe, its co-founder and former CEO of Calgro M3, will return to the company on 16 September 2024 as CEO designate and board member to ensure a smooth handover and transition.

Malherbe obtained a BSc in Quantity Surveying degree from the University of the Free State and an MBA from the Stellenbosch Business School. 

In 2001, together with his brother and the Steyn brothers, they formed Calgro M3. In 2005, Malherbe was appointed as a Director of the Company.

He was appointed Chief Operating Officer of Calgro M3 in 2007 and appointed CEO in January 2009.

“The board welcomes Mr Malherbe to his new role as CEO designate and board member and is confident that he will leverage his extensive operational and strategic experience in the property development sector to continue to deliver on Calgro M3’s growth strategy,” the company said.

Calgro also informed shareholders that Calgro M3 Developments Managing Director Allistair Langson has been appointed as an Executive Director to the board with immediate effect.

Langson previously worked as Senior Counsel for a large private equity housing fund. 

He has built a fifteen-year career around the idea that property and infrastructure are keys to economic inclusion. 

He joined Calgro in 2017 and was appointed as the Managing Director of Calgro M3 Developments in March 2022, and he is an actively sought out thought-leader in the local property market.

“The board looks forward to Mr Langson’s continued contribution to Calgro M3 with his appointment to the board,” the company said.

“These appointments, as well as the continued commitment and contribution of the Financial Director Ms Sayuri Naicker, will ensure a smooth transition post the departure of Messrs Lategan and Joubert.”