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ALVIVA HOLDINGS LIMITED - Changes To The Board And Committees

Release Date: 29/07/2019 17:00
Code(s): AVV     PDF:  
 
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Changes To The Board And Committees

Alviva Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1986/000334/06
Share Code: AVV
ISIN: ZAE000227484
(“Alviva” or “the Company”)

CHANGES TO THE BOARD AND COMMITTEES

The board of directors (“the Board”) is pleased to advise shareholders of the following appointments to
the Board and its committees with immediate effect. The changes have been done to further strengthen
the independence of the Board and following the resignation of Ms N Medupe as director, chairperson
of the Audit and Risk Committee and member of the Remuneration Committee.

Ms P Natesan, the current lead independent director, is appointed as chairperson of the Audit and Risk
Committee and steps down as a member of the Social and Ethics Committee.

Ms MG Mokoka is appointed as an independent non-executive director and a member of both the Audit
and Risk Committee and Remuneration Committee.

Mr PN Masemola is appointed as an independent non-executive director and member of the Social and
Ethics Committee.

Details of the independent non-executive directors mentioned above are as follows:

Ms P Natesan (39)
Lead Independent Director
BCom (Cum Laude); BCom (Honours) (Nelson Mandela University); CA (SA)
Appointed to the Board: 6 December 2017
Chairperson and member of the Audit and Risk committee

Ms Natesan is the Chief Executive Officer at the Institute of Directors in Southern Africa, serving as an
executive director on their Board and overseeing the business growth and performance on a day to day
basis. Her areas of expertise include governance, finance, risk and compliance as well as strategy
development. External membership and appointments: Member of the South African Institute of
Chartered Accountants, King Committee on Corporate Governance and Institute of Directors in
Southern Africa; and an Independent Non-Executive Trustee of the Professional Provident Society
Holdings Trust.

Ms MG Mokoka (45)
Independent Non-Executive Director
BCom (Accounting) University of Limpopo; Postgraduate Diploma in Management (Financial
Accounting) University of Cape Town; BCom Honours (Accounting), University of Natal, Postgraduate
Diploma in Auditing, University of Cape Town; CA (SA)
Appointed: 29 July 2019
Member of the Audit and Risk Committee and Remuneration Committee

Ms Mokoka is a financial professional with experience in the areas of strategic financial management
and corporate finance. Her previous positions have been at The Standard Bank of South Africa Limited,
where her responsibilities included the identification, negotiation, structuring and implementation of
transactions and at Cadiz Financial Services (Pty) Ltd, as a corporate financier offering advice in relation
to mergers and acquisitions, corporate restructuring, capital raising, B-BBEE transactions and business
valuations. She currently serves exclusively in an independent non-executive director capacity on
selected boards. External membership and appointments: Sanlam Limited, Contract Services Group
Holdings Limited, Stadio Holdings Limited, Energy Partners (Pty) Ltd and Palabora Mining Company
(Pty) Ltd. She is a member of the South African Institute of Chartered Accountants, the Institute of
Directors in Southern Africa and African Women Chartered Accountants (AWCA).

Mr PN Masemola (56)
Independent Non-Executive Director
BScEng (Mech) University of Cape Town
Appointed: 29 July 2019
Member of the Social and Ethics Committee

Mr Masemola is a past director of Cisco South Africa (Pty) Ltd and Cisco Technical Services (Pty) Ltd,
He led Cisco’s Smart & Connected Communities strategy in South Africa and assisted the Gauteng
Provincial Government with its Broadband strategy. He also led the Internet Business Solutions Group
within Cisco Systems South Africa, and was part of a wider group of consultants that collaborated
across the world on ICT solutions. Prior to that he led government sales at Hewlett Packard (“HP”)
South Africa where he developed the sales strategy. He has held various senior management and
board positions and is currently an investor in startups in the ICT, mining and energy sectors. External
membership and appointments: Investor in and director of Datacyte (Pty) Ltd and Mokwatla Industrial
Solutions (Pty) Ltd. He is also a director at Bona Lesedi Disability Centre, a Non-Profit Organisation.

COMPOSITION OF BOARD AND COMMITTEES

Following the above changes the Board and Committees of the Board are composed as follows:

The Board:
The Board will comprise of seven directors, two executive directors and five non-executive directors.
The executive directors are the Chief Executive Officer and the Chief Financial Officer. Four of the five
non-executive directors are independent. The Chairperson, who is a non-executive director, is not
considered to be independent and thus a Lead Independent Director is appointed.

The Board:
Mr A Tugendhaft - Non-Executive Director - Chairperson
Ms P Natesan - Independent Non-Executive Director - Lead Independent Director
Ms SH Chaba - Independent Non-Executive Director
Ms MG Mokoka - Independent Non-Executive Director
Mr PN Masemola - Independent Non-Executive Director
Mr P Spies - Chief Executive Officer
Mr RD Lyon - Chief Financial Officer

Audit and Risk Committee:
Ms P Natesan - Chairperson
Ms SH Chaba - Member
Ms MG Mokoka - Member

Remuneration Committee:
Ms SH Chaba - Chairperson
Ms MG Mokoka - Member
Mr A Tugendhaft - Member

Social and Ethics Committee:
Ms SH Chaba - Chairperson
Mr PN Masemola - Member
Mr JV Parkin - Member
Midrand

29 July 2019

Company Secretary: Liezel Grobler

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 29/07/2019 05:00:00
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