02 March 2021 12:45:15 PM

Tiger Brands makes changes to the Board

- 2016-11-23 09:44:39 AM

Tiger Brands Limited announced that Andre Parker has advised the board that he will not seek reappointment to the board of the Company at the annual general meeting of shareholders of the Company (“AGM”) which will take place on 21 February 2017. Andre will accordingly leave the board and chairmanship of the board immediately following the conclusion of the AGM. Andre was appointed to the board of Tiger Brands in August 2007 and has been Chairman since 2012.

Khotso Mokhele will succeed Andre Parker as Chairman of Tiger Brands following the conclusion of the AGM. Khotso has been a director of Tiger Brands since 2007.

The board of Tiger Brands would like to thank Andre for his valued leadership and looks forward to working with Khotso in his new role.

Appointment of non-executive directors

Tiger Brands is pleased to announce the appointment of Emma Mashilwane and Kevin Hedderwick as independent non-executive directors of the Company with effect from 23 November 2016.

Emma is a Chartered Accountant (SA) and has more than 12 years’ experience in external audit, internal audit and advisory services. Emma is currently the Head of Internal Audit and Risk Advisory Services at Nkonki Incorporated and previously held various senior positions both in audit and advisory and the position of Chief Financial Officer in unlisted companies. Emma previously sat on a number of boards of unlisted companies.

Kevin is the former Group Chief Executive of Famous Brands Limited. Kevin joined Famous Brands Limited in 2000 and held various executive positions before being appointed as Group Chief Executive in 2010, which position he held until his retirement in 2016. Kevin was subsequently retained as Group Strategic Advisor for Famous Brands Limited responsible for all M&A activity.

The board of Tiger Brands looks forward to the contributions to be made by Emma and Kevin.

Reconstitution of board committees

As a consequence of the above changes, the participation of the non-executive directors on the various committees of the board has been amended as reflected hereunder. The effective date of the reconstitution of the Committees will be immediately following the AGM.

1 December 2016.

Mary-Jane has extensive experience having recently led the Global Capital Campaign for the Nelson Mandela Children’s Hospital Trust. Mary-Jane has previously held the position of Executive Head of Corporate Affairs and Executive Committee member of Anglo American Platinum Limited and was a visiting fellow at Harvard University. Mary-Jane serves on a number of not for profit boards including the UCT Foundation and Black Sash.

Neil Brimacombe, a member of the executive committee, has resigned and will leave the company on 31 January 2017. Neil currently holds responsibility for the Home, Personal Care and Baby operations, as well as Exports and the International investments of Carozzi (Chile), Chococam (Cameroon) and UAC Foods (Nigeria). Neil has been with the Company since September 2000 and has held a number of senior executive positions. The board thanks Neil for the significant contribution he has made to the company and wishes him well. An announcement with regard to the replacement for Neil will be made in due course.