The company confirmed that Stoltz will step down from his role as CEO and executive director at the end of March 2026, closing a tenure that spanned nearly four years at the helm and almost a decade in senior leadership.
A successor has not yet been named, with the board initiating a formal search process.
“In compliance with paragraph 6.71 of the JSE Listings Requirements, the board of directors of the Company (‘Board’) hereby advises York shareholders (‘Shareholders’) that Mr Gabriël Stoltz has resigned as chief executive officer (‘CEO’) and executive director of the Company, with effect from 31 March 2026.”
Founded in 1916, York Timber has grown into South Africa’s largest solid wood processor, with operations spanning forestry, sawmilling, plywood manufacturing, and timber distribution.
Listed on the Johannesburg Stock Exchange (JSE) since 1946, the company remains a key supplier to construction and industrial sectors across Southern Africa, with a market capitalisation of about R900 million, according to Daily Investor.
Leadership tenure and governance structure
Gabriël Stoltz, who is also a researcher in applied mathematics, joined York Timber in 2017 as chief financial officer before being appointed interim CEO in July 2021 and confirmed in the role in 2022.
His tenure followed earlier leadership changes at the group, positioning him as a stabilising figure during a period of operational and market uncertainty.
“During his tenure, he has served the company with distinction, first in his capacity as CFO and most recently as CEO,” York Timber said.
“The board extends its sincere appreciation to Mr Stoltz for his leadership, unwavering commitment and significant contribution to York during his tenure as both CFO and CEO.”
“Under his stewardship, the group has navigated a complex operating environment while strengthening its strategic positioning for the future.”
Succession process and outlook
The 110-year-old forestry and timber manufacturing company is chaired by independent non-executive chairperson Nonzukiso Siyotula, who oversees governance and guides the board’s long-term strategic direction as the group transitions leadership.
The company added that Stoltz will remain available during the transition period to ensure continuity and provide support to the incoming leadership.
“The Board further welcomes Mr Stoltz’s agreement to remain available to the group, on an as-needed basis, during the transition period, thereby ensuring continuity and providing such support as may be necessary,” it said.
“The board would like to assure all stakeholders that the York leadership team is stable, experienced, and skilled.”
The company has begun the process of identifying a new chief executive and will update shareholders once a replacement is appointed.
