CEMENT giant PPC has appointed non-executive directors to its board in compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited.
In a statement, the company said, “The Board is pleased to announce three new appointments to the board, with immediate effect.
“The first appointment is that of Mr. Ignatius Sehoole as non-executive director and member of the audit committee of PPC.
“Mr. Sehoole is a Chartered Accountant with a Management diploma from Ashridge College in the UK. He brings a wealth of leadership and management experience spanning over 30 years. He is the former Executive President of SAICA and is currently a non-executive Director at SacOil/Efora Holdings Limited since 2013, where he serves as the chairman of the Investment Committee, member of the Audit Committee and member of the Social and Ethics Committee.
“He is also a non-executive Director at Old Mutual Group Holdings and Chairman of its Audit Committee, as well as a member of the Risk Committee. He serves on the Specialist Committee on Company Law and the Chairman of CAPIM,” the Group said.
The board also appointed advocate Mojankunyane Gumbi
“The board has also resolved to appoint Advocate Mojankunyane Gumbi to the Board as non-executive director of PPC.
“Advocate Gumbi is a human rights lawyer in South Africa. She has practiced as both an Attorney and later Advocate, since 1984 and served as a Special Advisor in the Presidency during both the Mandela and Mbeki administration where she acted as a key negotiator in the resolution of conflicts in Lesotho, Democratic Republic of Congo, Burundi, Comoros, Cote d’Ivoire and Zimbabwe.
“She serves and has served on the boards of many companies, trusts and philanthropic associations including the Nelson Mandela Children’s Fund, the Open Society Foundation, LexisNexis, the Southern African Political and Economic Trust (SAPES), the Black Lawyers Association and the Thabo Mbeki Foundation.
Advocate Gumbi holds two law degrees, one from the University of the Witwatersrand (LL.B, conferred in 1984) and another from the University of Limpopo (B.Proc, conferred in 1982), both in South Africa. She also has a certificate in Trial Advocacy from the University of Texas at Austin, and completed two modules on international economics with the London School of Economics,” said the Group.
The Group also appointed Dr. Stephan Oliver.
“The third appointment to the board is that of Dr. Stephan Olivier who is appointed as non-executive director of PPC.
“Dr. Stephan Olivier has extensive experience serving as a Board member in various companies within the construction materials manufacturing and associated industries. He was the Chief Executive Officer of AfriSam (South Africa) (Pty) Ltd. until March 2017 and previously served as its Chief Operating Officer of Cement. He has held various positions within AfriSam, including that of Director in Marketing.
“Dr. Olivier also served as a non-executive Director of Tanga Cement Public Limited Company between May 2010 until March 2017 and as Chairman of its Remuneration Committee. Previously, he also held the position of Director Marketing and Technical Services at Holcim in South Africa. He holds a Ph.D. in Biochemistry from the University of the Free State,” PPC said.
The PPC board also appointed four members to serve in board committees.
“The Board welcomes the newly appointed non-executive directors and is looking forward to their contribution in their respective roles. In addition, the board also confirmed the following appointments to board committees:
“Ms. Gobodo as chairman of the audit committee and member of the risk and compliance committee;
“Ms. Mkhondo as member of the nominations and remuneration committees;
“Mr. Ball as member of the investment committee; and
“Mr. Moleketi as chairman of the nominations committee and a member of the remuneration and SET committee,” PPC said.