KWV Limited has appointed its first financial director.

Neven Hendriks joins the wine and spirits company in Paarl as part of the new-look executive team of CEO Thys Loubser, himself appointed at the beginning of this year.

Hendriks, a qualified South African chartered accountant, is also a fellow with the Chartered Institute of Management Accountants and the Certified Chartered Accountants in the UK.

He has resigned as a partner with leading Johannesburg Accountants Ernst & Young and has had experience with Ford and local banking group Nedbank.

KWV created this post in 2004, but then opted to use internal financial managers together with contracted external corporate advisers to deal with its financial matters.

Loubser, however, said he believes it is crucial for the company to have financial management and leadership at the highest level.