PPC pulls new board members into the mix

WEB_PHOTO_PPC_LOGO_270115

The logo of Portland Pretoria Cement (PPC).

The logo of Portland Pretoria Cement (PPC).

WEB_PHOTO_PPC_LOGO_270115

The logo of Portland Pretoria Cement (PPC).

The logo of Portland Pretoria Cement (PPC).

JOHANNESBURG - Portland Pretoria Cement&39;s (PPC) board has been newly constituted following the company&39;s annual general meeting in Sandton this week, Business Day reported on Tuesday.

After three hours at the meeting in Sandton on Monday, shareholders elected six new board members, the newspaper reported.

From a reduced list of 10 nominees, shareholders elected former Reserve Bank governor Tito Mboweni, former PPC finance director Peter Nelson, Nicky Goldin, Timothy Leaf-Wright, former Afrisam CEO Charles Naude and Daniel Ufitikirezi.

Ufitikirezi is chairman of PPC&39;s Rwandan business. Two other PPC directors retired by rotation. The appointment of Darryll Castle as CEO was also approved by shareholders.

The newspaper reported that Castle would on Tuesday recommend his preferred executive committee and whether he wants Tryphosa Ramano to continue as finance director.

Ramano reportedly played a central role in the departure of former CEO Ketso Gordhan, who resigned suddenly in September last year and then sought to be reinstated.

Bheki Sibiya position as chairman would be voted on on Tuesday, Business Day reported.