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EOH HOLDINGS LIMITED - EOH appoints Xolani Mkhwanazi as Group Chairman

Release Date: 05/06/2019 15:31
Code(s): EOH     PDF:  
 
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EOH appoints Xolani Mkhwanazi as Group Chairman

EOH HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/014669/06)
JSE share code: EOH ISIN: ZAE000071072
("EOH" or "the Group" or "the Company")


EOH APPOINTS XOLANI MKHWANAZI AS GROUP CHAIRMAN


The board of directors of EOH (the "Board") is pleased to announce the appointment of Dr Xolani Mkhwanazi as
Chairman of the Board, with immediate effect.

Stephen van Coller, Chief Executive Officer of EOH said, "We are very pleased with the appointment of
Dr Mkhwanazi to the Board. His track record of providing courageous leadership in challenging business
environments, coupled with his commitment to sound corporate governance, were key drivers for his appointment.
We believe Dr Mkhwanazi is a strong addition to the Board and will reinforce the newly-appointed executive team
on our journey to ethical leadership and building the EOH of the future".

Dr Mkhwanazi will lead Board deliberations on all Group matters, and more immediately, the findings of the
investigation commissioned by EOH into public sector contracts being undertaken by ENSafrica. Having been
presented the preliminary findings, Dr Mkhwanazi and the Board will assess these, ask for such additional work
as may be required and engage with relevant stakeholders where appropriate. Relevant findings and associated
actions will be disclosed as soon as practically possible after the next steps have been agreed by the Board.

Dr Mkhwanazi said, "I am excited to be joining a company at the forefront of technology and job creation in South
Africa. EOH is at the heart of the country's future growth prospects. I am impressed by the way new management
is tackling legacy issues and also by their clear vision for our future. I believe the more than 11000 staff members
deserve transparent leadership and I am looking forward to the challenge."

Dr Mkhwanazi was Chairman of BHP Billiton in South Africa from 2008 to 2015 and previously President and
Chief Operations Officer of South Africa Aluminium with BHP Billiton (from February 2005). He has served as
Chief Executive Officer of Bateman Africa Ltd and the National Electricity Regulator (NER) which became
NERSA in 2004.

Prior to that, he held senior positions at the Council for Scientific and Industrial Research. During this time he
played a key role in the formulation of the South African National Science and Technology Policy while seconded
to be the Founding Chief Executive Officer of the National Science and Technology Forum.

Dr Mkhwanazi has received several accolades and awards from various institutions. His other directorships and
offices over the years include:
    - Independent non-executive director, Murray and Roberts Limited (JSE listed) since August 2015;
    - Deputy Chairman, The Public Investment Corporation (SOC) Limited (resigned in February 2019);
    - Chairman, Private Label Promotion (Pty) Ltd;
    - Director, South32 SA Coal Holdings (Pty) Ltd; and
    - Chairman, Central Energy Fund (resigned in October 2016).

5 June 2019


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