PPC has announced that Jabu Moleketi has been appointed as chairperson, with immediate effect. Mr Moleketi replaces Peter Nelson who, along with non-executive directors Sydney Mhlarhi and Dawn Earp, resigned on Friday.
The departure of Mr Nelson follows allegations that Prudential Investment Managers South Africa, one of PPC’s largest shareholders, had sent a formal request for his removal, according to the Business Report.
Noluvuyo Mkhondo, an investment banking and corporate finance professional with experience working for Goldman Sachs International and Anglo American in the UK, was appointed as a non-executive director. Similarly, Antony Ball, the co-founder of Value Capital Partners, has also become a non-executive director of the company.
