MPACT LIMITED - Appointment of Johan Stumpf as successor to Ralph von Veh as Mpact Corrugated Managing Director

Appointment of Johan Stumpf as successor to Ralph von Veh as Mpact Corrugated Managing Director

MPACT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2004/025229/06)
JSE code: MPT ISIN: ZAE000156501
("Mpact" or “the Company” or “the Group”)

APPOINTMENT OF JOHAN STUMPF AS SUCCESSOR TO RALPH VON VEH AS MPACT
CORRUGATED MANAGING DIRECTOR

Mpact is pleased to announce the appointment of Johan Stumpf as
Managing Director of Mpact’s Corrugated business with effect from
1 January 2016, succeeding Ralph von Veh (63), who is approaching
retirement.

The Board’s timing of the implementation of the succession plan
was decided in consultation with Ralph and the Executive Directors
and is aimed at ensuring a smooth and orderly transition in the
leadership of the Corrugated business.

To facilitate an efficient handover Johan will join Mpact on 1
October 2015 as Director Operations – Mpact Corrugated.

The Board would like to thank Ralph for his invaluable
contribution towards the success of the Group and, in particular,
the Corrugated business which, under his leadership over the past
15 years, has been established as the market leader.

Ralph will remain with the Group as a member of the Mpact
Executive   Committee,  responsible for the  bags  and  sacks
businesses, Detpak and Pyramid, and will represent Mpact’s
interests on the boards of various Mpact subsidiaries and
associates. Ralph will also assume responsibility for certain
strategic business initiatives.

Johan (47), who holds a BEng (Hons)(Industrial) and an MBA (Cum
Laude) degree from the University of Pretoria, has a proven track
record and extensive executive management experience in the fruit
and agricultural sectors as well as manufacturing. He will join
Mpact from the Klein Karoo Group where he has served as Managing
Director since 2009. Prior to joining the Klein Karoo Group Johan
spent six years as Managing Director of Sundays River Citrus
Company (Pty) Ltd, the largest packer and marketer of citrus in
southern Africa. Johan’s diverse experience also includes six
years with SABMiller as production and engineering manager as well
as management and executive roles in supply chain management and
consulting.

“We have every confidence that Johan’s depth of experience and
understanding of the broader industry, will enable him to lead the
Corrugated team to build further on the very solid foundation
already laid in the Corrugated business,” says Mpact Group CEO,
Bruce Strong.
Tony Phillips, Chairman of Mpact Limited said, “We are most
fortunate to be in a position to enable a smooth transition of
leadership within Mpact Corrugated, whilst also continuing to draw
on Ralph’s extensive knowledge and experience as a member of the
Executive Committee.”


Melrose Arch
8 April 2015

Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)

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