AECI Limited Appointment of Group CE & Exec Director

 
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 Jun 2024 to Jul 2024