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Board changes announced at PPC

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World Cement,

The Chairman of PPC’s Board of Directors, Peter Nelson, as well as two other non-executive directors, have resigned. The resignations took effect on 2 March and come as the company seeks to align the board with its strategic priorities.

Nelson has served as Chairman of the Board since January 2015, steering PPC through a period of headwinds. During his time at the company, he played a key role in securing the company’s financial position following liquidity problems.

Taking on the Chairman’s role will be Jabu Moleketi, who will also chair the Nomination Committee. Moleketi is the Non-Executive Chairman of Brait, a private equity business, as well as the Development Bank of Southern Africa, Vodacom, and Harith General Partners. He is also a former Deputy Minister of Finance in the South African government.

In addition, Nolovuyo Mkhondo and Antony Ball are to take up positions as non-executive directors. Mkhondo is a former Goldman Sachs and Anglo American alumna, where she was responsible for M&A execution, investment evaluation, and long-term financial planning.

Ball is a cofounder of Value Capital Partners and Brait. He also has significant experience at board level, as well as a track record of building businesses.

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Cement news 2018