Clover’s DFSA board appointments announced

6th July 2017

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

Font size: - +

JSE-listed Clover Industries on Thursday announced that an initial board has been selected for its newly established wholly owned subsidiary Dairy Farmers of South Africa (DFSA).

Dirk Reyneke has been named independent nonexecutive director and chairperson, with Louis Botha taking the reins as CEO and executive director.

Other executive directors include Frederick Booysen and Tobias de Villiers.

Nonexecutive directors appointed by the milk producers comprise Johannes Strydom, representing the Highveld region; Shayne Simpson, representing the KwaZulu-Natal region; and Craig Lake representing the Eastern Cape and Western Cape regions.

Johann Vorster and Jacques van Heerden have been appointed by Clover as nonexecutive directors.

This followed the July 1 implementation of the issue and allotment of the B shares in DFSA to milk producers, which now hold 74% of the voting rights of DFSA.

Clover holds all the A shares, which constitute 26% of the voting rights of DFSA.

As part of its expansive restructure, Clover, in April, transferred the nonvalue-added dairy business to DFSA, under a written transfer of business agreement, in exchange for shares in the subsidiary.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION