TONGAAT HULETT LIMITED - Appointment of Interim Chief Executive Officer

Release Date: 07/09/2018 15:30
Code(s): TON
Wrap Text
Appointment of Interim Chief Executive Officer

Tongaat Hulett Limited
Registration number 1892/000610/06
Share code: TON
ISIN ZAE000096541


Further to the announcement on 6 August 2018 that Mr Peter Staude will retire as Chief
Executive Officer (“CEO”) with effect from 31 October 2018, shareholders are advised
that Mr Sydney Mtsambiwa has been appointed as the interim CEO with effect from
1 November 2018.

Mr Mtsambiwa will serve as the interim CEO until the Board has finalised the
appointment of Mr Staude’s permanent successor, and will carry the full responsibilities
and authority of the position of the CEO, participate in and report to the Board.

Mr Mtsambiwa currently oversees Tongaat Hulett’s sugar operations in Zimbabwe and
has been the CEO of Hippo Valley Estates Limited since June 1999. He has many years
of leadership experience within Tongaat Hulett.

This announcement is issued in accordance with paragraph 3.59 of the JSE Listings

7 September 2018

Investec Bank Limited

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