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TIGER BRANDS LIMITED - Changes to the Board and Executive changes

Release Date: 23/11/2016 07:06
Code(s): TBS     PDF:  
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Changes to the Board and Executive changes

TIGER BRANDS LIMITED
“Tiger Brands” or “the Company”
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080

RESIGNATION AND APPOINTMENT OF CHAIRMAN: APPOINTMENT OF DIRECTORS: RECONSTITUTION OF
BOARD COMMITTEES: EXECUTIVE CHANGES

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

Resignation and appointment of chairman

Andre Parker has advised the board that he will not seek reappointment to the board of the Company at the annual
general meeting of shareholders of the Company (“AGM”) which will take place on 21 February 2017. Andre will
accordingly leave the board and chairmanship of the board immediately following the conclusion of the AGM. Andre
was appointed to the board of Tiger Brands in August 2007 and has been Chairman since 2012.

Khotso Mokhele will succeed Andre Parker as Chairman of Tiger Brands following the conclusion of the AGM.
Khotso has been a director of Tiger Brands since 2007.

The board of Tiger Brands would like to thank Andre for his valued leadership and looks forward to working with
Khotso in his new role.

Appointment of non-executive directors

Tiger Brands is pleased to announce the appointment of Emma Mashilwane and Kevin Hedderwick as independent
non-executive directors of the Company with effect from 23 November 2016.

Emma is a Chartered Accountant (SA) and has more than 12 years’ experience in external audit, internal audit and
advisory services. Emma is currently the Head of Internal Audit and Risk Advisory Services at Nkonki Incorporated
and previously held various senior positions both in audit and advisory and the position of Chief Financial Officer in
unlisted companies. Emma previously sat on a number of boards of unlisted companies.

Kevin is the former Group Chief Executive of Famous Brands Limited. Kevin joined Famous Brands Limited in 2000
and held various executive positions before being appointed as Group Chief Executive in 2010, which position he
held until his retirement in 2016. Kevin was subsequently retained as Group Strategic Advisor for Famous Brands
Limited responsible for all M&A activity.

The board of Tiger Brands looks forward to the contributions to be made by Emma and Kevin.

Reconstitution of board committees

As a consequence of the above changes, the participation of the non-executive directors on the various committees
of the board has been amended as reflected hereunder. The effective date of the reconstitution of the Committees
will be immediately following the AGM.

 Audit Committee           Risk and Sustainability       Remuneration Committee            Nominations Committee
                           Committee
 Rob Nisbet (chairman)     Yunus Suleman (chairman)      Santie Botha (chairman)           Khotso Mokhele (chairman)
 Yunus Suleman             Rob Nisbet                    Khotso Mokhele                    Santie Botha
 Emma Mashilwane           Michael Ajukwu                Maya Makanjee                     Maya Makanjee
                           Mark Bowman                   Makhup Nyama                      Makhup Nyama

 Social, Ethics and Transformation Committee                      Investment Committee
 Maya Makanjee (chairman)                                         Khotso Mokhele (chairman)
 Khotso Mokhele                                                   Rob Nisbet
 Bheki Sibiya                                                     Mark Bowman
 Makhup Nyama                                                     Yunus Suleman
                                                                  Kevin Hedderwick
Executive changes



Mary-Jane Morifi has been appointed as Group Corporate Affairs Executive. The appointment is effective
1 December 2016.

Mary-Jane has extensive experience having recently led the Global Capital Campaign for the Nelson Mandela
Children’s Hospital Trust. Mary-Jane has previously held the position of Executive Head of Corporate Affairs and
Executive Committee member of Anglo American Platinum Limited and was a visiting fellow at Harvard University.
Mary-Jane serves on a number of not for profit boards including the UCT Foundation and Black Sash.


Neil Brimacombe, a member of the executive committee, has resigned and will leave the company on 31 January
2017. Neil currently holds responsibility for the Home, Personal Care and Baby operations, as well as Exports and
the International investments of Carozzi (Chile), Chococam (Cameroon) and UAC Foods (Nigeria). Neil has been
with the Company since September 2000 and has held a number of senior executive positions. The board thanks
Neil for the significant contribution he has made to the company and wishes him well. An announcement with regard
to the replacement for Neil will be made in due course.




Bryanston
23 November 2016




Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

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