AECI Limited Directorate Change

 
TIDM87FZ 
 
AECI LIMITED 
                 Incorporated in the Republic of South Africa 
                     (Registration number: 1924/002590/06) 
                      Share code: AFE ISIN: ZAE000000220 
                     Hybrid code: AFEP ISIN: ZAE000000238 
                            Bond company code: AECI 
                           LEI: 3789008641F1D3D90E85 
 
                           ("AECI" or the "Company") 
 
BOARD CHANGES AND CHANGES IN SIGNIFICANT RESPONSIBILITIES 
 
Resignation from the Board and its Committees 
 
Allen Morgan resigned from the AECI Board at the Annual General Meeting of the 
Company's shareholders held on 26 May 2020.  He had served as an Independent 
Non-executive Director since 2010.  AECI thanks Mr Morgan most sincerely for 
his valued input during his almost 10-year tenure. 
 
Changes in significant responsibilities 
 
Among Mr Morgan's Board responsibilities was chairmanship of the Risk 
Committee.  Advocate Rams Ramashia succeeds him in this role and relinquishes 
his responsibilities as Chairman of the Social and Ethics Committee, of which 
he remains a member.  Ms Fikile De Buck succeeds Advocate Ramashia as Chairman. 
 
Appointment 
 
AECI is pleased to announce the appointment of Ms Marna Roets as an Independent 
Non-executive Director of the Company.  She also joins the Audit Committee and 
the Remuneration Committee. 
 
Ms Roets is a Chartered Accountant with more than 30 years' experience in 
business, financial services, banking, corporate finance and auditing.  She was 
an Audit Partner at PwC before going on to serve in various Executive 
capacities at major banking groups on the African continent over the last 18 
years.  Prior corporate Board memberships, at Executive level, include Stanbic 
IBTC Bank PLC, Stanbic IBTC Stockbrokers Limited and Stanbic Nigeria Limited. 
 
Ms Roets is currently a Non-executive Director and shareholder of No More 
Plastic Proprietary Limited, a company that manufactures biodegradable 
products. 
 
AECI welcomes her and looks forward to the benefit of her expertise and 
experience. 
 
All Board changes are effective immediately. 
 
Woodmead, Sandton 
1 June 2020 
 
Sponsor:  Rand Merchant Bank (A division of FirstRand Bank Limited) 
 
 
 
END

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