Seardel Investment Corporation Limited announced the resignation of Stuart Queen, Gys Wege, Amon Ntuli, David Duncan, Yunis Shaik, Naziema Jappie from the board with effect from December 1, 2014. The company appointed Elias Mphande as Independent Non-Executive Director and Member of the audit committee and Antonio Lee as Financial Director with effect from December 1, 2014. Kevin Gonvender, currently a Non-Executive Director of the company was appointed as the Acting Chief Executive Officer.