AECI Limited Appointment of CFO and Executive Director
October 02 2023 - 11:00AM
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 CHIEF FINANCIAL OFFICER (CFO) AND EXECUTIVE DIRECTOR
Further to the announcement released on SENS on 26 April 2023 and in accordance
with paragraphs 3.59(a) and 6.39(a) of the JSE Limited Listings Requirements and
Debt Listings Requirements, respectively, the Board of directors of AECI ("the
Board") wish to advise shareholders and noteholders that after an extensive
search and selection process, Ms Rochelle Gabriels has been appointed as the
AECI Group CFO and Group Board Executive Director, effective 29 September 2023.
In addition to these roles, her extended portfolio will include Mergers and
Acquisitions, Information Technology, Enterprise Risk Management, and Strategic
Projects.
Rochelle Gabriels has over 15 years of senior finance experience and has held
various executive roles, including CFO positions at multinational companies. She
joins AECI from Imperial (a DP World Company), where she has served as the DP
World Sub-Saharan Africa Head of Finance Logistics and Shared Services. She
brings a depth of leadership experience and skills in navigating complex
operating environments as well as driving finance transformation.
Dr Khotso Mokhele, AECI Board Chairman said, "On behalf of the Board, I am
excited to welcome Rochelle to the Group and we are confident that AECI will
benefit from her strong leadership and deep financial experience. Rochelle's
appointment further strengthens the Board in terms of skills and diversity,
positioning AECI for even greater success in the future."
Mr Holger Riemensperger, AECI Chief Executive Officer, notes: "We are proud to
appoint Rochelle, who brings a rich skill set and experience that will enable
her to make a significant contribution to both the Group and the Executive
Team."
Mr Rafael Fernandes has served as the Acting Group CFO since April 2023. The
Board is grateful for his commitment and leadership of the Group's finance
function during this period. Rafael will resume his duties as Financial Director
of AECI Mining following the completion of the handover period to the incoming
Group CFO.
The Group confirms that this appointment was made in accordance with AECI's
Board Nomination, Composition and Diversity policy.
Woodmead, Sandton
2 October 2023
Equity and Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank
Limited)
This information was brought to you by Cision http://news.cision.com
END
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