| Mon 19 Apr 2010, 8:55 | | HLM - Hulamin Appoints Richard Jacob as CEO |
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HLM
HLM
HLM - Hulamin Appoints Richard Jacob as CEO
HULAMIN LIMITED
Registration number 1940/013924/06
(Incorporated in the Republic of South Africa)
ISIN: ZAE000096210
JSE Code: HLM
("Hulamin")
HULAMIN APPOINTS RICHARD JACOB AS CEO
Hulamin is pleased to announce the appointment of Richard Jacob as Chief
Executive Officer with effect from 1 July 2010 upon the retirement of Alan
Fourie.
The Board conducted an extensive search process and considered candidates
from Hulamin and outside.
Chairman Mafika Mkwanazi commented:
"I`m delighted to announce Richard`s appointment. After a thorough search
process the Board came to the unanimous conclusion that Richard is best
equipped to succeed Alan in leading Hulamin. Richard has twenty years service
with Hulamin, has achieved notable success in entrenching Hulamin`s
competitive position in both the local and export markets and has been a
member of the Hulamin Executive Committee for the past eight years.
I would like to take this opportunity to thank Alan on behalf of the Board
for his decisive leadership that has served Hulamin well, most recently
through very difficult external conditions. Hulamin will benefit from a
seamless transition as we continue on the growth path currently underway."
Richard Jacob commented:" I thank the Board for their confidence in me, and
with the support of the management team, we are well placed to continue to
deliver on our strategic growth objectives in this challenging environment."
Pietermaritzburg
19 April 2010
Enquiries
CapitalVoice
Johannes van Niekerk 082 921 9110
Background note
Richard Jacob (44)
CEO designate
Richard studied BSc in Industrial Engineering at the University of Cape Town,
and graduated with honours.
He joined Hulett Aluminium as an Industrial Engineer in 1990. In 1992,
Richard was appointed as Manager of the Coil Coating operation. In this role
he built a manufacturing team, assisted with the design and start-up of a R75
million Coating Line, overseeing the qualification of the first coated can
end stock produced in South Africa at Nampak`s Bevcan plant in 1993.
In 1995 Richard, with the assistance of Hulett Aluminium, completed a full
time MBA at the University of Cape Town`s Graduate School of Business. On
returning from his MBA Richard rejoined Hulett Aluminium as Market and
Business Development Manager. In 2000 Richard initiated the first painted
coil exports.
In May 2002, Richard was appointed to the Board of Directors of Hulett
Aluminium (Pty) Ltd, taking responsibility for the manufacturing, sales,
marketing and procurement of can stock and building products. Following the
listing of Hulamin, Richard was appointed as member of the Executive
Committee of Hulamin Limited. He is currently also responsible for the
communications and investor relations functions and for Hulamin Roofing
Solutions.
Richard has many interests and hobbies, which include running, cycling, wine
collecting, woodworking, music. Richard plays a leadership role in the Hilton
Baptist Church, being chairman of the Executive.
END
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