ITALTILE LIMITED - Change to the Board of Directors

Release Date: 21/08/2018 16:00
Code(s): ITE
Wrap Text
Change to the Board of Directors

(Incorporated in the Republic of South Africa)
(Registration number: 1955/000558/06)
Share code: ITE ISIN: ZAE000099123
(“Italtile” or “the Group”)

In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the Board of
Directors of Italtile ("the Board") hereby notifies its shareholders that the following change has been
made to the composition of the Board.


The Nominations Committee (“the Committee”) has commenced the process of identifying suitable
potential candidates to fill the position of non-executive Chairman upon the retirement of our current
Chairman, Mr G.A.M Ravazzotti, in time. The Committee’s mandate is to identify candidates who have
the appropriate expertise and experience to meet the requirements of this business, and who satisfy
the criteria of key stakeholders, including our shareholders.

In this regard, Ms Luciana Ravazzotti Langenhoven has been appointed to the Board as deputy
Chairman with effect from 21 August 2018.

Luciana has 25 years of experience with the Group, having worked in various roles including HR, IT,
Accounting, Sales and Marketing in the South African business. In addition, she has experience in the
Group’s offshore operations, where she was involved in the research and establishment of Ceramic
Industries’ Centaurus factory and expanding the Italtile Retail business across the Eastern States of

Luciana has a deep understanding of the Group’s current growth strategy and a proven track record
of managing complex projects. Her efforts and business insights have assisted in achieving strategic
and operational improvements across the Group. Luciana’s strong business acumen and deep industry
experience position her well to take up this new role.

Outside of her business leadership role, Luciana is actively involved in land conservation in both South
Africa and Australia. She resides in Sydney, Australia and is currently a non-executive director on the
Boards of Centaurus Proprietary Limited, Australia (appointed in 2000) and Ceramic Industries
Proprietary Limited, South Africa (appointed 2006).

The Board welcomes Luciana and looks forward to her contribution.

Furthermore, over the course of the next year, the Committee will identify and appoint an additional
independent non-executive Board member with relevant business experience, strong leadership
qualities and a proven track record. Shareholders will be advised once such an appointment has been

21 August 2018

Merchantec Capital

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