AECI
LIMITED
(Incorporated
in the Republic of South
Africa)
(Registration
No. 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 AN INDEPENDENT NON-EXECUTIVE
DIRECTOR
In compliance with paragraph 3.59 of the JSE Limited (JSE) Listings
Requirements and paragraph 6.39 of the JSE Debt Listings
Requirements, AECI is pleased to announce the appointment of Ms
Nombulelo Thokozile Moholi as an independent non-executive director
to the Board of directors of AECI with effect from 1 September 2024. She will be a member of the
Investment, Innovation and Technology Committee and the Risk
Committee.
Ms Moholi brings over 30 years of experience in the South African
corporate sector to her new role. She holds a BSC in electrical and
electronics engineering and has completed the Stanford Executive Program from Stanford University. She previously served as the
Chief Executive Officer for Telkom SA Limited, becoming the first
black woman to head up a JSE-listed telecommunications company. In
2013, Ms Moholi embarked on a career as a non-executive director.
The boards she has served are Anglo American Platinum Limited; AVI
Limited; Engen and Old Mutual. She is currently the board chair of
Santam Limited and the Lead Independent Director of Woolworths
Holdings Limited.
Her diverse expertise has made her an invaluable asset to the
boards she serves on, and she has received numerous awards and
accolades for her leadership and contribution.
"Not only will Ms Moholi's expertise in corporate governance,
remuneration and risk management make a valuable contribution to
the AECI Board's mix of knowledge, skills and experience, but her
appointment also contributes to the Board's independence, gender
and racial diversity" - said Dr Khotso Mokhele, Board
Chair.
The AECI Board is pleased to welcome Ms Moholi and looks forward to
her contribution.
The AECI Group confirms that this appointment was made in
accordance with AECI's Board Nomination, Composition and Diversity
policy.
Woodmead,
Sandton
28 August 2024
Equity and
Debt Sponsor: Rand Merchant Bank (a
division of FirstRand Bank Limited)