New Austro Board Members Bring Energy And Public Sector Expertise

13th February 2014

Austro Group Limited today announced the appointment of four new non-executive members to its board of directors, three of whom are independent. The new directors bring strong energy and public-sector credentials and experience to the JSE-listed industrial group.

The new board members, appointed with effect from 12 February 2014, are Mr Mpho Makwana, ArcelorMittal South Africa chairman and former Chairman of Eskom, Mr Paul Baloyi, former CEO of the Development Bank of Southern Africa, Ms Nopasika Vuyelwa Lila, chief financial officer of the Eskom Pension and Provident Fund, and Mr Paul O’Flaherty, former Eskom financial director. Mr O’Flaherty will also be fulfilling a strategic advisory role at Austro, where he will have a closer day-to-day working relationship with the Austro executives to assist them in executing the company’s strategy.

The appointments are aligned with Austro’s strategy to grow the company in the expanding energy sector in Southern Africa.

“Our new board members will play a critical role in directing and overseeing the implementation of our strategy,” said Mr Paul Mansour, Austro Group chief executive officer. “We look forward to seeing the impact of their contribution to the future growth and success of Austro Group.”