PG’s Jennings to retire, step down as Manufacturing Circle chair
PG Group CEO Stewart Jennings, who is also known as a prominent South African manufacturing industry campaigner, will retire from the company on April 30.
It has also been confirmed that Jennings will step down as chairperson of the Manufacturing Circle, which he was instrumental in founding and which has become an increasingly influential South African lobby group.
PG Group chairperson Ronnie Lubner has indicated that the appointment of a new CEO will be announced in due course, while the Manufacturing Circle will elect a new chairperson on February 12.
Jennings joined the PG Group in 1971, when it was still known as Pilkington Glass South Africa, where he served in various roles locally and in the UK, before taking up the position of CEO in January 2000.
Prior to initiating the Manufacturing Circle, Jennings also served on the Port Elizabeth Chamber of Commerce and as president of the National Association of Automotive Component and Allied Manufacturers.
As chairperson of the Manufacturing Circle, Jennings has been instrumental in highlighting the plight of South African manufacturers and has actively campaigned for new incentives and lobbied for lower electricity prices.
He has also been a strong critic of South Africa’s monetary policy, arguing that the rand is both too strong and too volatile to be supportive of the country’s reindustrialisation and beneficiation objectives.
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