TBS - Tiger Brands Limited - Board appointment and resignations
TBS
TIIH
TBS - Tiger Brands Limited - Board appointment and resignations
TIGER BRANDS LIMITED
"Tiger Brands" or "the Company"
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080
BOARD APPOINTMENT AND RESIGNATIONS
Tiger Brands is pleased to announce the appointment of Olufunke ("Funke")
Ighodaro as Chief Financial Officer of the Company and as an executive
director with effect from 1 June 2011. As a consequence of this appointment
Clive Vaux, who has been acting Chief Financial Officer in addition to his
responsibilities as Corporate Finance Director, will relinquish his acting
responsibilities as Chief Financial Officer upon Funke joining Tiger Brands
but will remain as an Executive Director.
Funke is currently the Chief Financial Officer of Primedia Pty Ltd, a position
she has held since September 2001. She was previously an Executive Director
of Kagiso Trust Investment Company and worked in corporate finance at Standard
Corporate and Merchant Bank for two years. Funke qualified as a Chartered
Accountant with Price Waterhouse, London, where she spent a total of ten years
in audit and tax and is a Fellow of the Institute of Chartered Accountants in
England and Wales. Funke is also an independent non-executive director of
Datatec Limited.
In conformance with the international trend to limit executive members of a
board to the Chief Executive Officer of the company and the finance function,
Neil Brimacombe and Bongiwe Njobe who are currently executive directors of the
board have resigned as members of the board with effect from 30 April 2011,
whilst retaining their executive management responsibilities.
Date:
12 April 2010
Sponsor
J.P. Morgan Equities Limited
Date: 12/04/2011 08:00:01 Produced by the JSE SENS Department.
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