South African cement producer Pretoria Portland Cement (PPC) has appointed Business Unity of South Africa CEO Jerry Vilakazi to its board as nonexecutive director.
Vilakazi and investment holding company PEU Group executive chairperson Peter Malungani, who would also become a nonexecutive director, were elected by PPC’s consortium of strategic black partners to represent them on the company’s board.
The appointment was effective immediately.
“I see these appointments adding to the momentum built up around PPC’s transformation initiatives and [our] broad-based black economic-empowerment transaction announced in August last year,” commented PPC chairperson Bheki Sibiya.
Vilakazi also serves as nonexecutive chairperson of Netcare, and was past executive director of the South African Institute of Chartered Accountants.
Malungani, also the founder of the PEU Group, is also chairperson of Phumelela Gaming & Leisure, Super Group and serves on the board of a number of Investec companies.
Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
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