AECI LIMITED
Incorporated in the Republic of
South Africa
(Registration number:
1924/002590/06)
Share code: AFE ISIN: ZAE000000220
Hybrid code: AFEP ISIN:
ZAE000000238
(“AECI” or “the Company”)
BOARD CHANGES AND CHANGES IN
SIGNIFICANT RESPONSIBILITIES
Appointments
AECI is pleased to announce the appointment of Messrs Stephen
Dawson and Walter Dissinger as
Independent Non-executive Directors of the Company, with effect
from 1 January 2020.
Mr Dawson is Managing Director and Chief Executive Officer of
Axieo Proprietary Limited (“Axieo”), in Australia. Axieo
provides agricultural, food and nutrition ingredients, industrial
raw materials, raw materials for plastics production, paper,
personal care, cosmetics, pharmaceuticals, refrigerants, road
chemicals, water treatment, rubber, coating, and cleaning
products.
He has an Honours Degree in Mining Engineering, a Master’s
Degree in Business Administration and he is a graduate of the
Australian Institute of Company Directors.
Mr Dawson previously held senior global positions at Incitec
Pivot Limited and prior to that, Dyno
Nobel. Earlier in his career, he worked in South
Africa’s mining sector as well as at AECI, where he was an
Operations and Marketing Manager in the Company’s Explosives
business.
Mr Dissinger was Chief Executive Officer of Votorantim Cimentos
S.A. (“Votorantim”), in Brazil,
until his retirement earlier this year after six years in that
position. Votorantim operates in the construction materials
business and is one of the largest international companies in the
sector.
He has a Master’s Degree in Industrial Engineering. Before
leading Votorantim, he filled senior positions at BASF in
South America and Europe. In
the latter years of his more than 20-year career with that company,
his focuses were the agricultural products, health and nutrition
businesses.
AECI welcomes them and looks forward to benefiting from their
expertise and experience in business areas closely aligned with the
Group’s strategic growth aspirations.
Resignation from the Board and its
Committees
Allen Morgan, an AECI Independent
Non-executive Director since 2010, has advised the Board of his
intention to retire from this position at the next Annual General
Meeting of the Company’s shareholders, scheduled to be held on or
about 26 May 2020. At that time he will relinquish all his
other Board responsibilities. This includes chairmanship of
the Risk Committee and the Mining Solutions Financial Review and
Risk Committee, as well membership of the Audit, Investment and
Social and Ethics Committees.
AECI thanks Mr Morgan most sincerely, in advance, for his valued
input to the Company’s affairs during his nine-year tenure.
Change in significant
responsibilities
Ms Fikile De Buck will join the Social and Ethics Committee as a
Member on 1 January 2020.
Woodmead, Sandton
9 December 2019
Sponsor: Rand Merchant Bank
(A division of FirstRand Bank Limited)