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CALGRO M3 HOLDINGS LIMITED - Changes to the board of directors

Release Date: 11/05/2015 07:06
Code(s): CGR     PDF:  
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Changes to the board of directors

CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2005/027663/06)
Share code: CGR ISIN: ZAE000109203
(“Calgro M3” or “the Company”)


CHANGES TO THE BOARD OF DIRECTORS

Calgro M3 is pleased to announce the following changes to the Company’s board of directors:

Mr Willem (Wikus) Jakobus Lategan has been promoted to Group Managing Director with effect from
1 June 2015. Mr Lategan held the position of Financial Director from August 2008 and has been an
executive member of the board of directors since then. He will be responsible for the overall
operational activities of the Group. Mr Ben Pierre Malherbe will continue in his role as Chief
Executive Officer and will be responsible for the strategic planning and direction of the Group.
Messrs Malherbe and Lategan and Mr Frederik (Derek) Johannes Steyn will continue to manage
external stakeholder relationships of the Group.

Mr Willem Adolph Joubert (CA(SA))has been appointed as the Financial Director with effect from 1
June 2015. Mr Joubert is a qualified chartered accountant who completed his articles with
PricewaterhouseCoopers Inc. in December 2011, where he gained vast experience in a variety of
industries including the manufacturing, construction, insurance and fast moving consumer goods
industries. Mr Joubert joined the Company in January 2012 as Group Financial Manager after being a
member of the PriceWaterhouseCoopers team responsible for the Calgro M3 audit for three years
prior to his appointment.

Mr Wayne Williams has been appointed as Executive Director of the Company with effect from 1
June 2015. Mr Williams is a qualified attorney who was in private practice for 20 years where he
gained extensive experience in various fields of the law. He was appointed as head of the legal
department and company secretary of Calgro M3 in August 2012. He has extensive experience in
commercial transactions and commercial and company law.

Mr Hugh Colin Cameron was appointed as an independent Non-Executive Director with effect from 8
May 2015. Mr Cameron has also been nominated to serve on the Company’s Audit and Risk
Committee, which nomination will be presented to shareholders at the Annual General Meeting of
shareholders of the Company on 1 July 2015. Mr Cameron has been appointed in view of the
forthcoming retirement of Mr John Gibbon in October 2015. Mr Gibbon has served as a board
member and chairperson of the Company’s Audit and Risk Committee since November 2008.

Mr Cameron (CA(SA)) is a retired partner of PricewaterhouseCoopers and he was appointed as the
firm’s mining leader, responsible for Europe, the Middle East and Africa in 1999. In 2002 he became
the firm’s global mining leader. He has also gained extensive experience in other industries, notably
property, construction, insurance and investments and industrial products. He was a member of the
firm’s governing board for 12 years until retirement and has served as a member of the advisory
panel of the International Accounting Standards Board. Mr Cameron is currently an independent
non-executive director of Impala Platinum Holdings and a trustee of the Sishen Iron Ore Community
Development Trust.

Mr Deon Noel Steyn will resign his post as Executive Director with effect 1 June 2015. Mr Steyn was
appointed as an Executive Director of the Company in December 2009 and has served the Company
with distinction. Although Mr Steyn has resigned as a member of the board of directors, he will retain
his position as member of the Executive Committee and will continue with his current operational
activities within the Group.

Juba Statutory Services (Pty) Ltd, represented by Mrs Sirkien van Schalkwyk is appointed as Company
Secretary with effect from 1 June 2015. Mrs Van Schalkwyk has more than 15 years’ company
secretarial experience and has acted as company secretary for a number of companies, including
various JSE listed companies. Mrs Van Schalkwyk is independent and has the necessary expertise and
experience to fulfil the role of company secretary.

The Board would like to thank Mr Steyn for his valued contributions during his tenure as Executive
Director and looks forward to his ongoing support and input in future.

The Board welcomes the new appointees and wishes them luck in their new roles and the challenges
which those roles will bring.

Johannesburg
11 May 2015

Sponsor
Grindrod Bank Limited

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