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GroFin Executive Transition Announcement

GroFin and its Board of Directors are announcing that effective 12 January 2020, Guido Boysen, Chief Executive Officer, is leaving the company to begin the next chapter of his career.  Over the past 12 years, Guido has played an instrumental role in establishing a culture of mutual respect, collaboration, and innovation within GroFin and among our stakeholders in the SME development and impact community.

We are grateful for his tireless efforts in helping GroFin grow and develop from its early years. Guido effected extensive change throughout GroFin and the SME development finance sector by implementing a benchmark SME risk finance system for the underserved.

“I am deeply inspired by how far GroFin has come and how many lives it has touched. The knowledge that now is right time for the next chapter in GroFin’s journey has helped me to make this difficult decision. I believe now is the time to secure GroFin’s future through new leadership, a fresh investment focus and boundless passion. There will always be challenges, but I am confident that GroFin is now poised to enter an exciting period in its history,” said Boysen.

“I will focus my remaining time with GroFin on facilitating a smooth transition to new leadership and support the implementation of the company’s medium-term Strategic plan. I also want to thank an outstanding GroFin team and our community of investors, funders, and advocates whose commitment and passion helped fuel our progress and demonstrable impact”. 

Jurie Willemse, GroFin Founder and Chairman, said:

“Guido and I share a passion and commitment for the mission of GroFin, and we both recognise the need for the business to continue to evolve. I am grateful for what Guido has contributed during his time with GroFin and he has played an instrumental role in getting GroFin to this point. We will miss Guido, but he leaves GroFin well positioned for further development and growth and we sincerely thank him for his leadership and great contribution to the company. The Board and senior team are committed to continuing to move GroFin and its mission forward as we have done for the last 15 years.”

An announcement regarding the appointment of a new CEO will be made in due course. If an appointment is not made by 1 January 2020, Chairman Jurie Willemse will lead GroFin in an executive capacity in the interim.

About GroFin

GroFin is a pioneering private development financial institution specialising in financing and supporting small and growing businesses (SGBs) across Africa and the Middle East. We combine medium term loan capital and specialised business support to grow SGBs in emerging markets. By successfully combining medium term loans and specialised business support delivered through our local offices, we have invested in over 700 SMEs and sustained over 88,150 jobs across a wide spectrum of business activities within the 15 countries in Africa and Middle East that we operate in. GroFin has its headquarters located in Mauritius.

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