Tryphosa Ramano, Chief Financial Officer and Director of PPC, Steps Down
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
JSE code: PPC003
JSE ISIN: ZAG000117524
("PPC" or the "Company")
TRYPHOSA RAMANO, CHIEF FINANCIAL OFFICER AND DIRECTOR OF PPC, STEPS DOWN
In compliance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, PPC wishes to announce that the Board of Directors (“the Board”)
and Ms. Tryphosa Ramano have mutually agreed to separate. Ms Ramano will
therefore step down as the Chief Financial Officer (“CFO”) and as director
of PPC with effect from 31 October 2019. Ms Ramano has indicated she is
stepping down to pursue personal interests.
The Board would like to thank Ms. Ramano for her many years of dedicated
service to PPC and wishes her well in her future endeavours. She has been
with PPC for 8 years, since joining in August 2011 and has played a major
role in assisting PPC to deliver on its strategy of growing outside of SA,
with PPC ROA revenue increasing by ~80% over the period. Ms Ramano played a
leadership role in ROA governance, representing PPC on the boards of PPC
group companies in Ethiopia, Rwanda, Zimbabwe and DRC. Ms Ramano has agreed
to take on a consultancy role with PPC which will see her avail her services
to PPC in order to ensure continuity.
Ms Ronel van Dijk, has been appointed as interim CFO and as an Executive
Director to PPC Ltd, with effect from 1 November 2019 until such time as a
permanent CFO and Executive Director is appointed. On behalf of the Board,
the Chairman, Mr Jabu Moleketi, said that the Nominations Committee of the
Company will commence the process to appoint a permanent CFO with immediate
Ronel has a B.Rek (Hons) degree from the University of Stellenbosch and
qualified as a CA(SA) in December 1997. Ronel joined Spur Corporation Limited
as group financial manager in January 2003. In January 2005 she was appointed
as CFO and Company Secretary, and she was appointed to the board of directors
in September 2006. Ronel resigned from Spur Corporation Limited in March
2018 and was appointed as a non-executive director and audit and risk
committee member of GPI Limited and Adcorp Holdings Limited in December 2018
and June 2019 respectively. She is also a founding member of the Western
Cape Development Board of the Early Care Foundation.
10 October 2019
Merrill Lynch South Africa (Pty) Limited
Tel: +27 (0)11 386 9000
Date: 10/10/2019 01:15:00
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