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Stefanutti director Mashaba resigns, Cuba to assume position

5th August 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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JSE-listed Stefanutti Stocks on Monday announced the resignation of long-standing independent nonexecutive director Herman Mashaba, with effect from August 2.

Mashaba, who cited the increasing demands of other business interests – including his chairpersonship of the Free Market Foundation – as the reason for tendering his resignation, had served on the board of Stefanutti since July 2008.

He would be replaced by former Safika Holdings CEO and current NGN Holdings chairperson and president, Vuli Cuba, who had extensive experience in management consulting, operations management and leadership, as well as mergers and acquisitions.

“In addition, Cuba has experience in strategy analysis, business, operations analysis, corporate finance and financial restructuring, and the business application of information technology,” the company said in a statement.

Cuba held an MBA from the London Business School, a BSc in Information Systems from the University of South Africa, and a BSc in Land Surveying from the University of Fort Hare.

He is a qualified professional land surveyor and project management professional.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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