South African staffing firm Adcorp has announced that it will appoint Innocent Dutiro as its new CEO effective 1 October 2017.

Dutiro will succeed Richard Pike who resigned earlier this year along with COO Nelis Swart. Mark Jurgens, former CEO and founder of Paracon, which Adcorp acquired in 2011, has been acting CEO and will become chief operating officer when Dutiro takes the helm on.

Prior to Adcorp, Dutiro worked at MMI Holdings Limited, a South African based financial services group.

Adcorp also announced the sale of its 34% stake in Indian business consulting and technology services company, Nihilent Technologies, to Dimension Data for USD 25.5 million. According to Business Day, the sale will be made via Mauritius-based Hatch Investments: Didata will subscribe for Hatch shares, and then Hatch will buy back the Hatch shares held by Adcorp subsidiary Adcorp Workforce Management Solutions, the unit that housed the Nihilent investment.