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)