| Fri 11 Feb 2011, 8:56 | | GPL - Grand Parade Investments Limited - Changes to the board of Directors |
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GPL
GPL
GPL - Grand Parade Investments Limited - Changes to the board of Directors
and Company Secretary
Grand Parade Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
("GPI" or "the company")
CHANGES TO THE BOARD OF DIRECTORS AND COMPANY SECRETARY
In compliance with section 3.59(b) of the Listings Requirements of the JSE
Limited ("JSE Listings Requirements"), notification is hereby given that Mr.
Richard Julian Hoption ("Richard") has resigned as Financial Director and
Company Secretary of GPI with immediate effect. The board expresses its
appreciation for Richard`s commitment and extensive contribution to the
company during his tenure. Richard was appointed as Financial Director to
build GPI`s finance function and with a view to mentoring a potential
successor. Having successfully fulfilled both these objectives Richard will
step down as Financial Director but will continue to service GPI on a
consultancy basis.
In compliance with sections 3.84 (h), 4.8(b) and 7.F.6 of the JSE`s Listings
Requirements, notification is hereby given of the following new appointments
to the board of GPI -
Sukena Petersen ("Sukena") as the new Financial Director. Sukena is a
qualified chartered accountant, completing her articles at Ernst and Young in
2005. She remained with the firm for a further 3 years post articles before
accepting the position of group financial manager at GPI. During her time at
Ernst and Young, Sukena was exposed to a wide range of businesses such as
investment companies, medical aid schemes, oil and construction companies.
This experience provided her with a solid basis for her role as group
financial manager at GPI where she has been part of the executive management
team. She has played a key part in the development of GPI`s financial
accounting and reporting. The experience gained as the group financial
manager and the involvement as a key executive manager provided Sukena with
the foundation that will assist her in performing her role as the financial
director.
Lazelle Christian Parton ("Lazelle") as the new Company Secretary. Lazelle is
an experienced regulator with over 20 years` legal and compliance experience
in both the public and private sectors. As a political science graduate,
Lazelle has extensive experience as a policy maker and in stakeholder
negotiation in the public sector. She has been an integral member of the
senior executive management team in GPI`s (recently acquired) limited payout
machine operations and prior to that was a Director in the office of the
Premier, KwaZulu-Natal, responsible for gambling legislation and policy
development.
Dhanasagree Naidoo ("Daisy") as an Independent Non-Executive Director.
Qualified as a C.A.(S.A.) with a Masters degree in Accounting, Daisy has
extensive experience in finance, tax, debt structuring and risk management.
Her early career experience is in financial planning (SA Breweries) and as a
tax consultant (Deloitte and Touche). She later joined Gensec Bank Limited,
now Sanlam Capital Markets Limited ("SCM"), where she gained invaluable
experience in financial services, and investment banking, debt structuring
and dealmaking. She has been a director on various boards in the SCM Group,
as well as the SCM Manco. Daisy is currently chief risk advisor to the board
of Vantage Mezzanine Funds 1 and 2, which have significant investments
locally, in Pan Africa and North America; and is a director of the
Association of Black Securities and Investment Professionals.
Mogamat Faldi Samaai ("Faldi") as a Non-Executive Director. Faldi is a
qualified Civil Engineer with a long track record (over 30 years) in Civil
Engineering design and construction management. In addition to his technical
skills, he also has a comprehensive combination of business and managerial
experience having been responsible for setting up and maintaining financial
and human resource management systems for Nadeson Consulting Services. Faldi
is passionate about the management of environmentally sustainable projects
and was responsible for managing the sustainability elements of the Cape Town
FIFA Fan Fest during the FIFA 2010 World Cup as well as the Witsand Eco-
Housing project.
The Board wishes to take this opportunity to congratulate the above
appointees on their appointments which take effect from today.
11 February 2011
Cape Town
Sponsor: PSG Capital (Pty) Limited
Date: 11/02/2011 08:56:06 Produced by the JSE SENS Department.
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