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SEPHAKU HOLDINGS LIMITED - Death of Sephaku Cement Chief Executive Officer

Release Date: 19/05/2021 14:30
Code(s): SEP     PDF:  
Wrap Text
Death of Sephaku Cement Chief Executive Officer

Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/003306/06)
Share code: SEP
ISIN: ZAE000138459
(“SepHold” or “the Company”)


                        Death of Sephaku Cement Chief Executive Officer

We refer stakeholders to the announcement released on 11 May 2021. It is with deep sadness that the
board of directors announces the passing away of Pieter Fourie early this morning. Pieter was the Chief
Executive Officer (“CEO”) of Dangote Cement South Africa (“DCSA”) trading as Sephaku Cement
(“SepCem”) and a non-executive director of SepHold.

Pieter was part of the SepHold founding management who dared to disrupt the long-standing cement
industry oligopoly in 2005. He became CEO of SepCem in May 2007 following the Company revising the
initial minerals exploration model to one focused on selected industries, including cement manufacturing
that would provide long-term shareholder value. Pieter was subsequently appointed a board director of
SepHold on 20 November 2009 following the JSE listing, bringing extensive experience in the cement
industry defined by longevity and success throughout his career. His experience and deep industry
knowledge spanned several decades and continents. Pieter’s previous roles included being Marketing
Director of Blue Circle, which was subsequently acquired by Lafarge South Africa (“Lafarge SA”), the
Managing Director of the cement business unit of Lafarge South Arica and Strategic Development
Director for Africa based at the Lafarge head office in France.

Pieter’s role at Blue Circle included sales, distribution and marketing before being promoted to managing
director of the cement business. He subsequently accepted the assignment at Lafarge’s head office in a
strategic development role to integrate the newly acquired business in Africa into Lafarge’s portfolio.
Pieter’s positive impact on SepHold, DCSA and the South African cement industry was significant. He is
survived by a wife, three children and five grandchildren.

SepHold board chairman Brent Williams said, “We have lost an individual with enormous institutional
insight and memory of the cement industry. This is indeed a very sad day for the Sephaku family. Pieter
was pivotal in negotiating the relationship agreement with Dangote Industries PLC to establish SepHold’s
partnership in Sephaku Cement. Pieter had successfully established SepCem as a formidable cement
brand in South Africa at the time of his passing. He had managed to reduce the project bank debt
significantly within six years. Pieter’s ever calm and optimistic demeanour never detracted from the
tenacity and steadfastness that he always brought to bear with equal ease in shepherding SepCem on
the long road towards achieving its strategic goals.
He will be sorely missed and will remain an indelible part of the Company story of success. We mourn
with his family at this painful time and pass our condolences to his spouse, Elna and children, Derick,
Christle and Jean. May you find strength in knowing that he achieved great success in changing the
South African cement industry landscape and influenced numerous people.”

Centurion
19 May 2021
_________________________________________________________________________________
Enquiries contact:
Sakhile Ndlovu
Investor Relations Officer
info@sephold.co.za
012 612 0210


Sponsor: Questco Corporate Advisory (Pty) Ltd

About Sephaku Holdings Limited
SepHold is a building and construction materials company with a portfolio of investments in the cement sector in South Africa. The
strategy of SepHold is to generate growth and realise value for shareholders through the production of cement and ready mixed
concrete in Southern Africa. The Company’s core investments are a 36% stake in Dangote Cement South Africa (Pty) Ltd (Sephaku
Cement) and 100% in Métier Mixed Concrete (Pty) Ltd.
www.sephakuholdings.com

Date: 19-05-2021 02:30:00
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