JSE-listed aluminium semi-fabricator Hulamin reports that CEO Richard Jacob will retire on September 30, having served the company for 32 years and leading as CEO for the past 12 years.
Hulamin’s board thanked Jacob for his loyalty, commitment and leadership, wishing him well in his future endeavours.
While the company’s nomination committee undertakes the process of finding a successor to Jacob, nonexecutive board member Geoff Watson has been appointed interim CEO, effective October 1.
Jacob and Watson have started a handover process.
Watson has broad global industrial experience spanning across China, Asia, Russia, the US, Africa and Australia, with core expertise in the aluminium processing industry. He has held executive positions with Alcoa Kaal Australia, Alcoa Bohai (China), Steelforce (Australia), Seema International (Hong Kong) and UC Rusal (Switzerland).
Following Watson’s appointment as the interim CEO, he will resign as a member of the remuneration and nomination committee and as risk committee chairperson.
As such, Dr Boni Mehlomakulu will succeed Watson as risk committee chairperson, while Naran Maharajh will succeed Watson on the remuneration and nomination committee. These changes will be effected immediately.