Hulamin appoints interim chairperson
JSE-listed aluminium products company Hulamin has appointed Linda Yanta as interim chairperson, with effect from July 6.
This follows the board's decision that Paul Baloyi cease to hold office as chairperson. He will, however, continue to serve as an independent nonexecutive director, the company says.
“The board has taken this decision within the scope of its fiduciary duties and duty of care and skill, having regard to the best interests of the company,” Hulamin notes in a statement to shareholders.
Additionally, owing to these changes, the board's committees have been reconstituted with effect from July 6.
Yanta steps down as the chairperson of the audit committee and will continue as a member, while Vusi Khumalo has been appointed interim chairperson of this committee.
Further, Baloyi will step down as a member and chairperson of the nominations and governance committee, and Yanta has been appointed as the interim chairperson of the committee.
Zanele Monnakgotla has been appointed a member of the nominations and governance committee. Monnakgotla has also been appointed interim chairperson of the remuneration and human resources committee.
Hulamin will start the recruitment process to appoint directors to fill vacancies on the board and its committees and to identify a permanent chairperson of the board.
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