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ADCOCK INGRAM HOLDINGS LIMITED - Appointment of Non-Executive Directors and change to Executive Directors responsibilities

Release Date: 24/05/2017 10:20
Code(s): AIP     PDF:  
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Appointment of Non-Executive Directors and change to Executive Directors’ responsibilities

Adcock Ingram Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 2007/016236/06
Share code: AIP
ISIN: ZAE000123436
(“Adcock Ingram” or “the Company”)

Appointment of Non-Executive Directors and change to Executive Directors’ responsibilities

In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are
advised of the following changes to the Board and Executive Directors’ responsibilities at Adcock Ingram,
each with immediate effect:

a) Ms Lulama Boyce has been appointed as Non-Executive Director of the Company and a member of
   the Audit Committee and the HR, Remuneration and Nominations Committee.
b) Ms Jenitha John has been appointed as Non-Executive Director of the Company and a member of
   the Audit Committee and Risk & Sustainability Committee.
c) The Board further appointed Mr Andrew Hall and Ms Dorette Neethling, in their respective capacities
   as the CEO and CFO, as members of the Risk & Sustainability Committee in accordance with the
   recommendations of the King IV Report on Corporate Governance.

Chairman, Mr Clifford Raphiri commented: “I wish to express my sincere appreciation to both Lulama and Jenitha
for agreeing to join our Board. They join Adcock Ingram at a very exciting time and I have no doubt that they will
serve the Company well. I look forward to their insights and contribution to the future success of the Company.”

Abridged curriculum vitae

Ms Boyce is a qualified Chartered Accountant and a Senior Lecturer and Deputy Head of the Commercial
Accounting Department at the University of Johannesburg. She has financial and consulting experience in
both the private and public sectors. She is an Independent Non-Executive Director at Coronation Fund
Managers Limited; Coronation Management Company (RF) Proprietary Limited and at Coronation Life
Assurance Company Limited.

Ms John is a qualified Chartered Accountant and is currently the Chief Audit Executive of FirstRand Bank
Limited. She previously held various financial and audit related roles in both the public and private sectors
and has served on various Boards in both the public and private sectors. She has also served on The Global
Institute of Internal Auditors’ (IIA) Committee of Research and Education Advisors and on the International
Professional Practices Framework (IPPF) Re-look Task Force. She currently serves on the Global IIA’s
Global Financial Services Guidance Committee. Ms John also serves on the Board of Tongaat Hulett as
the lead independent Non-Executive Director and the Chairman of the Audit Committee. She is also a
Trustee on the FNB Pension Fund and a member of its Audit Committee.

The Board wishes the newly appointed Directors well in their new roles.


Midrand
24 May 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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