AECI Limited Appointment of Group CE & Exec Director
February 16 2023 - 5:00AM
UK Regulatory
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)
APPOINTMENT OF THE NEW AECI GROUP CHIEF EXECUTIVE ("CE") AND EXECUTIVE DIRECTOR
Following the announcement released on SENS on 26 January 2023, shareholders
and noteholders are advised, in accordance with paragraphs 3.59 (a) of the JSE
Limited ("JSE") Listings Requirements and 6.39 of the JSE Debt Listings
Requirements, that Mr. Holger Riemensperger has been appointed as the new Group
Chief Executive, and as an executive director of the AECI Group with effect
from 1 May 2023.
Holger has held many executive and senior management positions in leading
companies across Germany, the USA, Switzerland, Netherlands, Sweden and
Malaysia and has extensive expertise in the mining, chemicals, agricultural and
manufacturing sectors. His most recent role was as chief operating officer and
executive director of the K+S Group AG (Germany) and has held previous global
vice president and senior management roles at Bunge Lodgers Croklaan, BASF,
Frutarom and Akzonobel.
Dr Khotso Mokhele, AECI Group Chairman said "On behalf of the Board, we are
delighted that a CE of Holger's calibre and international stature will be
leading the AECI Group. We are confident that his global experience and
distinguished track record as an executive across multiple prominent companies,
will position him well in executing our Growth Strategy and creating value for
all stakeholders."
Holger said, "I am very excited to join the AECI team and looking forward to
furthering the strategy and building on the robust journey the Group is on. I
know, I will be supported by a strong team and a very dedicated Board."
Mr Sam Coetzer, previously appointed as Interim Chief Executive by the Board
effective 1 February 2023, will continue to serve in his position until 30
April 2023 to ensure a smooth transition. At the end of the transition, Sam
will return to his duties as an Independent Non-executive Director of the AECI
Group. The Board is most grateful for his commitment and leadership during the
transition period.
AECI confirms that the appointment of Mr. Holger Riemensperger was made in
accordance with the Company's Board Nomination, Composition and Diversity
Policy.
Woodmead, Sandton
16 February 2023
Sponsor and Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank
Limited)
END
(END) Dow Jones Newswires
February 16, 2023 05:00 ET (10:00 GMT)
Aeci 5 1/2% Prf (LSE:87FZ)
Historical Stock Chart
From Jul 2024 to Jul 2024
Aeci 5 1/2% Prf (LSE:87FZ)
Historical Stock Chart
From Jul 2023 to Jul 2024