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)