New board for PPC

Portland Pretoria Cement’s board has been newly constituted following the company’s annual general meeting in Sandton this week.

After three hours at the meeting in Sandton yesterday, shareholders elected six new board members, Business Day 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 chief executive Charles Naude and Daniel Ufitikirezi.

Ufitikirezi is chairman of PPC’s Rwandan business. Two other PPC directors retired by rotation. The appointment of Darryll Castle as chief executive was also approved by shareholders.

The newspaper reported that Castle would today 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 chief executive Ketso Gordhan, who resigned suddenly in September last year and then sought to be reinstated.

Bheki Sibiya’s position as chairperson would be voted on today, Business Day reported.

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