| Thu 7 Jul 2011, 7:06 | | PPC - Pretoria Portland Cement Company Limited - PPC appoints new Chief |
|
PPC
PPC
PPC - Pretoria Portland Cement Company Limited - PPC appoints new Chief
Financial Officer and Director Business Development
Pretoria Portland Cement Company Limited
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
ISIN: ZAE000125886
("PPC" or "the company")
PRESS RELEASE
PPC appoints new Chief Financial Officer and Director Business Development
7 July 2011
The board of directors of Pretoria Portland Cement Company Limited ("PPC") is
pleased to announce the appointment of Ms Tryphosa Ramano to the board as an
executive director and to the position of chief financial officer (CFO) with
effect from 1 August 2011.
Mr Peter Esterhuysen, who in addition to his role as CFO has been heading PPC`s
business development activities during the past year will relinquish his CFO
responsibilities and his board appointment will be changed to that of the
executive director responsible for PPC`s business development and international
expansion.
PPC CEO, Paul Stuiver said; "I am excited to have Tryphosa join PPC and look
forward to her valuable contribution. Her background and experience will add an
extra dimension to the executive team. Peter Esterhuysen`s business development
role has grown significantly during the last year and he will now be able to
focus his undivided attention to the challenging task of executing our
international expansion plans."
Peter Esterhuysen has 15 years` experience in the company and has served on the
board as CFO since 2003. His new role on the board is aligned with the company`s
long-term continuity plans.
Tryphosa Ramano has established an impressive track record in the financial
profession. Her curriculum vitae boasts positions ranging from auditing,
investment management and corporate finance to being the CFO of SAA from 2004 to
2006 and most recently the CFO of WIPHOLD.
Despite additional non-executive directorship roles Tryphosa finds time to
pursue transformation in the financial services sector through her leadership of
the African Woman Chartered Accountants (AWCA) society and the establishment of
the Institute of Investment Excellence, which focuses on attracting and training
candidates from disadvantaged backgrounds into the financial services industry.
Ends -
For further enquiries contact:
PPC +27 11 386 9000
Paul Stuiver
Kevin Odendaal
College Hill +27 11 447 3030
Sharon Steyn
Jacques De Bie
Notes to editors:
Tryphosa Ramano qualified as a Chartered Accountant (SA) in 1996 and since then
has gained experience working in a number of organisations including: Price
Waterhouse Coopers, JCI, RMB Asset Managers, National Treasury, SAA and WIPHOLD.
While working as the chief director: asset management (National treasury),
Tryphosa was responsible for the restructuring of State-Owned Assets, ensuring
compliance by public entities with the Public Finance Management Act, monitoring
contingent liabilities of government and was instrumental in developing a new
division to focus on financial analysis and treasury operation of SOE`s (state
owned entities). It was also during this period that Tryphosa formed part of
the team that listed Telkom on the Johannesburg and New York Stock Exchanges.
As CFO of SAA from 2004 to 2006, Tryphosa made significant achievements
including the closing of SAAs` R6 billion hedge book; the restructuring of the
finance department and the implementation of the SAA turnaround strategy in
2004/05. At WIPHOLD she was responsible for the group`s financial management and
strategic development, whilst also representing WIPHOLD on the boards of
companies in which WIPHOLD is a shareholder.
Tryphosa has been or is a member of a number of boards and committees which
include; Old Mutual Property Investment, Real Africa Holdings, Adcorp Holdings,
Chairman of the Audit Committee of the National Credit Regulator, Audit
Committee & Board of South African Institute of Chartered Accountants,
University of Stellenbosch Business School, Financial Services Board, African
Union External Board of Auditors, and the National Research Foundation.
Date: 07/07/2011 07:06:06 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
