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FAMOUS BRANDS LIMITED - Changes to the composition of the board and executive committee

Release Date: 03/06/2016 07:05
Code(s): FBR     PDF:  
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Changes to the composition of the board and executive committee

FAMOUS BRANDS LIMITED

(Incorporated in the Republic of South Africa)
(Registration number 1969/004875/06)
Share code: FBR
ISIN code: ZAE000053328
“Famous Brands” or “the Group”

CHANGE TO THE COMPOSITION    OF   THE   BOARD   OF   DIRECTORS   AND
EXECUTIVE COMMITTEE

APPOINTMENT OF GROUP COMMERCIAL EXECUTIVE AND GROUP FINANCIAL
DIRECTOR

This announcement is published in accordance with paragraph
3.59 of the JSE Listings Requirements.

The Board wishes to advise that Norman Richards, currently
Group Financial Director will be appointed Group Commercial
Executive and Kelebogile (Lebo) Ntlha, currently Group
Financial Executive and Company Secretary, will be appointed
Group Financial Director. These appointments are effective as
at 1 July 2016.

STATEMENT FROM INDEPENDENT CHAIRMAN, SANTIE BOTHA

The Group is committed to transforming the composition of the
Board to improve compliance with relevant legislation and to
enhance the range of expertise and experience available to the
business.

In this regard we are delighted that in his new position
Norman will be able to extend his specialist skills and
expertise over a far broader scope of the business, where
there is a need to build capacity and capability to align with
the Group’s growth ambitions. Norman will have responsibility
for the following portfolios: Commerce, Legal, Information
Technology and Human Resources; he will also retain the
portfolios of operational finance and internal audit.

The corporate finance portfolio will be managed by Lebo, who
is extensively qualified and experienced to assume this new
role.   An announcement will be made in due course regarding
the appointment of a Company Secretary to undertake Lebo’s
current secretarial duties. Lebo will also be appointed to the
Famous Brands Board.

The Board congratulates Norman and Lebo on their appointments
and looks forward to their contribution in their new roles.

CURRICULA VITAE

Norman joined Famous Brands in September 2012 as Change
Management Executive, responsible for implementing the Group’s
business model transformation intervention.
He is a 21-year veteran of SA Breweries Beer division, where
he held a number of executive positions in finance, both
locally and internationally. Prior to joining Famous Brands,
he founded and managed two consulting companies and a software
services company. Norman was appointed to the Board as Group
Financial Director in July 2013.

Lebo is a Chartered Accountant (SA) and holds an MBA degree
(cum Laude), from the University of the Witwatersrand.    She
completed her articles with PricewaterhouseCoopers in 2007,
after which she gained extensive experience in International
Financial Reporting Standards in her roles as Group Technical
Accounting Adviser at Eskom and Group Reporting Manager at
African Oxygen Limited.    Lebo joined Famous Brands in July
2014 as Group Financial Executive and Company Secretary.

Midrand
3 June 2016

Sponsor
The Standard Bank of South Africa Limited

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