Photo by: BeePak
After receiving the most number of votes at PPC’s annual general meeting (AGM) on Monday, Tito Mboweni, Charles Naude, Daniel Ufitikizeri, Nicky Goldin, Timothy Leaf-Wright and Peter Nelson have been appointed to the board of the cement group.
Shareholders were further advised that Joe Shibambo and Nomalizo Beryl Langa-Royds did not offer themselves for re-election and, as such, had resigned as nonexecutive directors.
PPC executive director Tryphosa Ramano had also resigned to allow for the reconstitution of the board but would remain the company’s CFO.
In December, the firm named Darryll Castle as its new CEO, effective January 12, following the acrimonious exit of former CEO Ketso Gordhan in September amid a public spat with the board of directors.
PPC was meanwhile considering a merger proposal from industry counterpart AfriSam, put forward last month.