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)