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 or the Group) 
 
CHANGE TO THE BOARD:  APPOINTMENT OF AN EXECUTIVE DIRECTOR 
 
In compliance with paragraphs 3.59 of the JSE Limited (JSE) Listings 
Requirements and 6.39 of the JSE Debt Listings Requirements, AECI is pleased to 
announce that Ms Aarti Takoordeen will join the Group as Chief Financial 
Officer (CFO) and Executive Director with effect from 20 May 2022.  In addition 
to these roles, her extended portfolio will include Mergers and Acquisitions, 
Information Technology, Enterprise Risk Management, and Strategic Projects. 
Furthermore, Aarti Takoordeen will be appointed Chairman of AECI Property 
Services. The Group confirms that the appointment of Ms Takoordeen was done in 
accordance with AECI's Board Nomination, Composition and Diversity policy. 
 
She succeeds Mark Kathan who takes up another key role in the Group. 
 
Aarti Takoordeen has served as Group CFO and Executive Director of the JSE 
Limited for the past nine years. She brings strong leadership and depth of 
experience in capital markets, information technology, manufacturing and 
professional services. 
 
Prior to the JSE she held Executive roles at Johnson Controls International and 
Hewlett -Packard across Middle East and Africa. She is a Chartered Accountant, 
Harvard Alumni and named a Young Global Leader by the World Economic Forum. 
 
"I am excited to join the AECI leadership team and look forward to being part 
of driving the Group's Strategic growth agenda," says Aarti Takoordeen. 
 
Khotso Mokhele, Chairman of AECI states: "It is a pleasure to welcome Aarti 
Takoordeen to AECI and the Board looks forward to the benefits of her knowledge 
and experience.  Her appointment further strengthens the Board in terms of 
skills and diversity.  Furthermore, the Board wishes to thank Mark Kathan for 
his valuable contribution as CFO since 2008.  Mark assumes leadership 
responsibility for AECI Mining, the Group's largest business." 
 
Mark Dytor, AECI Chief Executive Officer, notes: "AECI has brought its 
exceptional core businesses under one brand and the leadership of "One AECI", 
which is instrumental in guiding our further expansion. AECI is proud to 
appoint Aarti Takoordeen who brings a rich skill set and experience which will 
add to the leadership that is decisively driving AECI forward." 
 
Ms Takoordeen's appointment on the relevant Board committees will be confirmed 
in due course. 
 
Khotso Mokhele                              Mark Dytor 
 
Chairman                                         Chief Executive 
 
Woodmead, Sandton 
 
18 February 2022 
 
Sponsor and Debt Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank 
Limited) 
 
 
 
END

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February 18, 2022 06:45 ET (11:45 GMT)

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