Afarak Group Oyj said Dec. 9 that it appointed Guy Konsbruck as new CEO following the resignation of Alistair Ruiters from the post.

Ruiters will remain an executive director and board member.

The group also appointed Predrag Kovacevic as CFO. He has held senior advisory and leadership positions in government and in the private sector. Kovacevic joined Afarak early this year working on finance and business development.

Keith Scott resigned as nonexecutive director.