CFSL - Annual report 2018

16 CIM FINANCIAL SERVICES LTD ANNUAL REPORT 2018 IN MEMORIAM The Board was saddened to lose one of its directors, Mr Marcel Descroizilles, who passed away on 28 July 2018. Marcel was a Fellow of the Institute of Chartered Accountants in England and Wales. Between 1976 and 1996, he was Finance Manager of a number of Shell Group companies. From 1996, he was Managing Director of Esso Mauritius, until his retirement in December 2005. He served as director of CIM Financial Services Ltd since its listing on the Stock Exchange of Mauritius in 2012 and also served as Chairman of the Risk Management and Audit Committee since then. He was a fiercely independent director and aman of the highest integrity who was not shy of making his views heard when he felt it was necessary. His business expertise was highly valued by the Board. He was one of those who could ‘walk with kings’ but not ‘lose the common touch’. In him we bid farewell to a towering figure who retained the affection and respect of his many friends. The Board extends its deepest sympathies and sincere condolences to Marcel’s family and friends.