The Sharks have confirmed that current chief operating officer Eduard Coetzee will succeed Gary Teichmann as the new chief executive officer from September.

Eduard takes over the reins from Gary Teichmann, who will vacate his role after three years at the helm.

‘Gary came in at a challenging time for Sharks Rugby and not only brought stability and leadership to the role, but also a strong business background at a time when sport is indeed big business,’ commented Stephen Saad, the chairman of the Sharks board of directors.

‘Although Gary will vacate his current position, he will remain actively involved at the Sharks where he will impart business and leadership advice and engage with key stakeholders, with Eduard enjoying a sounding board offered by Gary. On behalf of the board of directors, I would like to take this opportunity to thank Gary for his invaluable contribution to the Sharks and more specifically for the principled approach he took and the strong work ethic that accompanied everything he did.’

Reacting to his appointment, Coetzee stated: ‘I am extremely humbled to be appointed as the next CEO of the Sharks. My strategy will be to build on the platform and stability created by Gary during his tenure. The basic business principles of corporate governance and financial controls are non-negotiable fundamentals in our business and will be amplified going forward.

‘However, as a strategy I believe that people process culture, culture is my strategy and it needs to be worked on daily in order to be effective.  Driving the Sharks culture will create unity from top to bottom.  When the chips are down, absolute alignment is key – a strong culture will align individuals in a tough environment like professional sport.’

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