Wrap Text
Appointment of Financial Director and Updated Board and Committee Composition
NUTRITIONAL HOLDINGS LIMITED
(Registration number: 2004/002282/06)
(Incorporated in the Republic of South Africa)
(Share Code: NUT ISIN Code: ZAE000156485)
(“Nutritional Holdings” or “the Company”)
APPOINTMENT OF FINANCIAL DIRECTOR AND UPDATED BOARD AND
COMMITTEE COMPOSITION
The Board of Nutritional Holdings (“Board”) is pleased to advise that Mr Pieter Watson
has been appointed as Financial Director with immediate effect. Pieter will be
supported in this role by Mr Sashen Reddy, who has been appointed as Financial
Manager, but will serve on the Board as an executive director.
Following these appointments, the constitution of the Board and Board Committees
is as set out below:
Name Status
Mr AKHA Belhoul (AK Nassar) Independent non-executive chairman
Sheikh Khalfan Humaid Nasser holds a BCom and
MBA from the Sheik Zayed University of the United
Arab Emirates (“UAE”). He was formerly employed
as a member of the Ministry of the Interior of the
UAE and a senior member of the UAE Police
Force. He is currently a real estate developer in
the Emirates of Dubai, Sharjah and Ajman. He has
the largest cutting and polishing works for rough
diamonds in the Gulf.
Mr MT Azum Executive Director - Chief Executive Officer
Mr Azum has the following qualifications:
- Certification in Business Management, Business
Accounting and Business Law;
- Higher Certificate in Labour Relations and
Labour Law;
- Certificate in Islamic Finance; and
- Diploma in Financial Management &
Accounting
Mr Azum is the Head of Sha’ria Board.
Mr P Watson Executive Director- Financial Director
Pieter is a CA(SA) and has more than 25 years’
experience in roles from Financial Manager to
Financial Director and Chief Financial Officer in
varied industries from cosmetics and
pharmaceuticals to IT and media. He has
experience with start-ups as well as multinational
companies leading to exposure to Europe, the
United States and Africa.
His experience includes support of the
commercial organisation, strategic planning to
achieve business objectives, maximizing of staff
resources and output as well as operational
financial management and reporting, change
management, systems implementations (IT and
process redesign), risk management and
compliance initiatives. Pieter also has experience
in warehouse and supply chain management
and managing customer service teams. He is a
member of the South African Institute of
Chartered Accountants (SAICA).
Mr N Moodley Executive – Chief Operations Officer
Neville holds a B. Comm degree and is an
accountant who specialises in foreign exchange
treasury hedging having 25 years’ experience in
financial consolidation and effective pricing
models to the Gulf markets.
Mr N Dasarath Executive Director
Nikhyle has a (Hons) DIP Software Engineering,
Net Specialization, C++, RDBMS Essentials & T-SQL
Programming, HTML5, Professional Skills III, Web
Application, ASP.NET, Business Development. He
has attended a Master Growers course and is
also the founder and CEO of Ukusekela Holdings
Proprietary Limited, a wholly owned subsidiary of
Nutritional Holdings, through which the cannabis
operations are conducted.
Mr S Tinawi Independent non-executive
Mohamed Said Tinawi is a Senior Commercial
and Industrial Consultant at Lojain Trading and
Contracting Company, Saudi Arabia. He has in
excess of 35 years’ experience in the fields of
Crude Oil and Petroleum products trading, base
oil, and commodities.
Mr T Kyubwa Independent non-executive Director
Tony is a Master Grower with over 15 years’
experience in hydroponics and cannabis
cultivation in Sub Saharan Africa and is the
Director of Agronomics due to him demonstrating
his profound ability to efficiently manage
production operation in large-scale commercial
facilities. He has singlehandedly developed and
grown unique strains of cannabis for specific
medical purposes and is renowned in Africa for
his outstanding contributions and in-depth
knowledge of industry policies and holds the
qualification of a certified Master Grower.
Dr A Tinawi Independent Non-executive Director
Dr Tinawi’s extensive qualifications and
experience in the field of Cannabis Research and
Development will ensure that the R&D team of
Nutritional Holdings is at the forefront of the
technological breakthroughs in the cannabis
infused industry. Adel has a Masters’ Degree in
Clinical Evaluation from the University of Lyon in
France as well as having had the honour of
graduating as a Clinical Pharmacist from the Al
Batterjee Medical College in Saudi Arabia.
Mr MM Suping Executive Director
Mr Mangope Suping (B Proc: University of North
West) is involved in commercial law in general,
and specifically in Information Communication
and Technology Law (“ICT Law”), focusing largely
on policy and regulatory issues. Mr Suping is the
CEO of Nutritional Foods (Pty) Ltd, a wholly-
owned subsidiary of the Company.
Mr SN Reddy Executive Director
Sashen is a Qualified Chartered Certified
Accountant and Registered Tax Practitioner
Member of the South African Institute of
Chartered Accountants (SAICA)
Clarification
With regard to Mr N Moodley, the AGM notice for the year ended 29 February 2020,
posted on 12 October 2020, advised that he was a non-executive director.
However, as announced on 3 September 2020 and as detailed in the interim results
announcement published on 14 December 2020, Mr Moodley is an executive
director.
Committee composition
The Audit and Risk Committee is comprised of Messrs S Tinawi (Chairman),
Mr T Kyubwa and Dr A Tinawi.
The Social and Ethics Committee is comprised of Messrs N Moodley, AK Nassar and
Mr SN Reddy.
The Remuneration Committee, is in the process of being reconstituted and an
announcement as to the members thereof will be made in due course.
By order of the Board
Johannesburg
22 April 2021
Designated Advisor
AcaciaCap Advisors Proprietary Limited
Date: 22-04-2021 07:06:00
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