PPC LIMITED - Resignation of Darryll Castle Chief Executive Officer and Director of PPC
PPC 201707240002A
Resignation of Darryll Castle, Chief Executive Officer and Director of PPC
PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
ISIN: ZAE000170049
("PPC" or the "Company")
RESIGNATION OF DARRYLL CASTLE, CHIEF EXECUTIVE OFFICER AND DIRECTOR OF PPC
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, PPC wishes to
announce that the Company and the CEO have agreed to part ways. Mr Castle has accordingly
decided to resign his PPC group directorships but will be available to the PPC Group to ensure a
smooth handover for a period of six months. He will be pursuing other interests.
Mr Castle joined the Board at a difficult time and was instrumental in stabilising the Company and
overseeing the commissioning of several new projects for which the Board is most grateful.
On behalf of the Board, the Chairman Mr Peter Nelson said that the Nominations Committee of the
board will commence the process to appoint a permanent CEO immediately. With immediate effect
and in the transitional period Mr Johan Claassen, the Managing Director of the South African cement
business, has been appointed as interim CEO of PPC Limited and as an Executive Director to the PPC
Ltd Board, until such time as a permanent CEO and Executive Director is appointed. He holds a BEng
(University of Stellenbosch) and EDP (Wits Business School) and has served as a member of the
group executive team since January 2013. Mr Claassen has more than 28 years’ experience in all
facets of the cement industry and has been with PPC for that period.
Sandton
24 July 2017
PPC:
Anashrin Pillay
Tel: +27 (0) 11 386 9000
Anashrin.Pillay@ppc.co.za
Financial Communications Advisor:
Instinctif Partners
Louise Fortuin
Mobile: +27 (0) 71 605 4294
Louise.Fortuin@instinctif.com
Sponsor to PPC
Merrill Lynch South Africa (Pty) Ltd
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