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EOH HOLDINGS LIMITED - Appointment of independent non-executive directors to the board of EOH

Release Date: 20/06/2019 17:45
Code(s): EOH     PDF:  
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Appointment of independent non-executive directors to the board of EOH

EOH HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/014669/06)
JSE share code: EOH ISIN: ZAE000071072
("EOH" or "the Group" or "the Company")


APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS TO THE BOARD OF EOH


The board of directors of EOH (the "Board") is pleased to announce the appointment of Dr Anushka Bogdanov, Mr
Andrew Mthembu and Mr Michael Bosman as independent non-executive directors with immediate effect.

Dr Xolani Mkhwanazi, Chairman of EOH, said "These appointments are another important milestone for the EOH
Group as the skill and experience brought by our incoming directors will go a long way towards enhancing and
complementing our leadership capability and governance oversight. Our Board is now also compliant with the King
Code of Corporate Governance."

Anushka Bogdanov (age 46)

South African born, Anushka Bogdanov started her career with Absa Corporate and Merchant Bank in their risk
function in 1993. In 1999, she moved to Fitch Ratings as Senior Director: Head of Banking Sector South Africa and
Africa to join a team involved in rating South Africa’s banks. In 2003, she joined Nedbank and during her time in the
banking industry, she was instrumental in improving risk management capabilities, strengthening the use of business
performance predictive models and building an impressive analytics team made up of black South African
mathematicians. Her most recent corporate role was at the Development Bank of Southern Africa ("DBSA") before
establishing her own risk management consulting firm. Anushka also lectures to MPhil students and supervises PhD
Finance students at Nelson Mandela Metropolitan University.

Qualifications:

    -   BA (Political Science), University of Durban: 1993
    -   Postgraduate Diploma (Financial Management), Buckinghamshire Business School, UK: 2001
    -   MBA (International Financial Management), Buckinghamshire Business School, UK: 2003
    -   PhD (International Finance), London Business School, UK: 2007
    -   Executive Development Program (Alumni), Rotman School of Business, Canada: 2007
    -   Managing Risk in Financial Markets, Rotman School of Business, Canada: 2007
    -   Ethics, Values, Strategy and Innovation, Schulich School of Business, Canada: 2007

Current board memberships:

    -    Nautilus (subsidiary of the JSE): Risk Committee Chair
    -    Department of Small Business Development: Audit Committee

Past board memberships:

    -    Northern Cape Department of Health: Audit Committee Chair
    -    Northern Cape Department of Social Development (Qualification to Clean Audit): Audit Committee Chair
    -    Northern Cape Office of the Premier (Qualification to Clean Audit): Audit Committee Chair
    -    National Empowerment Fund: Investment Committee Member
    -    National Housing Finance Corporation: Asset-Liability Committee Member

Andrew Mthembu (age 63)

Andrew Mthembu was born in Swaziland and started his career in the Ministry of Works and Communications as an
engineer before joining the DBSA in project finance where he became the liaison between the DBSA, the South African
government and the then Homelands. Mr Mthembu went on to work for Otis Elevators, a United Technologies
Company as a Contracts Manager and later as Inland Regional Manager in their South African Operations. While at
Otis he spent two years in their North American Operations in Toronto, Canada. He later moved on to become
Managing Director ("MD") of Murray & Roberts in their toll roads concession business, Tolcon. While at Murray and
Roberts, Andrew worked with multinational teams on infrastructure projects both locally and internationally. He was
subsequently appointed as MD of Vodacom SA where his time was characterised by massive growth driven by the
introduction of the pre-paid product, widespread expansion of the technical infrastructure, and fast paced market
development. At Vodacom, Andrew was also charged with setting up their International Operations as MD,
culminating in the expansion of the company’s footprint to Mozambique, Tanzania, the Democratic Republic of the
Congo, as well as Lesotho. Andrew served as an advisor to the Minister of the Department of Public Enterprises in
South Africa on ICT industry issues and during this tenure, and at the invitation of President Mbeki, he was appointed
to lead the establishment of Broadband Infraco ("BBI") and successfully led the required parliamentary approvals and
built the institution on the back of Transnet and Eskom fibre assets. Andrew now manages his investment company
and consults to various clients on ICT strategies.

Qualifications:

    -   BSc (Chemistry, Biology), University of Botswana and Swaziland: 1978
    -   BSc Civil Engineering, University of Calgary, Canada: 1982
    -   MSc Construction Management, University of Reading, UK: 1986
    -   Wharton Executive Management Program, Philadelphia, USA: 1991
    -   Executive Management Programme, University of Chicago Graduate School of Business, USA: 2002

Current board memberships:

    -   Assegai Strategic Investments (Pty) Ltd: Chairman
    -   Triomf Swaziland (Pty) Ltd: Chairman; Shareholder member
    -   Vuka Marine (Pty): Chairman; Shareholder member

Past board memberships:

    -   Vodacom Group (Pty) Ltd and subsidiaries: Executive Director
    -   Gijima (Pty) Ltd: Remuneration Committee Chair; Audit Committee
    -   Women & Men Against Child Abuse: Director of Board of Trustees
    -   Southern Africa PGA Tour and The Sports Trust: Member of Board of Trustees of Southern Africa PGA Tour
        and The Sports Trust
    -   Lusitania (Pty) Ltd: Non-Executive Director
    -   University of South Africa: Trustee
    -   Broadband Infraco SOC (Pty) Ltd: Founding Chairman
    -   I to I Technologies (Pty) Ltd – a Venfin Company: Chairman; Shareholder member
    -   Link Africa (Pty) Ltd: Chairman and Founding shareholder member
    -   Johannesburg Expo Centre (Pty) Ltd: Chairman; Shareholder member

Michael ("Mike") Bosman (age 59)

Mike Bosman began his career in corporate and project finance before moving into the creative world of advertising.
As the youngest member of the Wilson Keller agency leadership, Mike led a management buy-out. The new firm
(Bosman Johnson) was later acquired by Lindsay Smithers FCB ("FCB") – of which Mike became the Chief Executive
Officer ("CEO"). Mike was responsible for launching and growing the FCB network into 30 offices in 20 African cities
and, together with his team, built FCB into SA’s largest advertising agency, doubling its billings to R1bn. His success
captured the attention of the FCB North America office which offered him the role of President and Chief Operating
Officer, based in New York. This business had approximately 3000 employees with 25 offices and billings of about
US$6bn. When his contract expired, he returned to South Africa and established his own consultancy and advised on
several BEE transactions. He later served as Group CEO of the large communications group, TBWA\South Africa.
Johann Rupert invited him to serve on the Venfin board which had investments in a variety of large companies such
as Vodacom, Alexander Forbes, e.tv, Dimension Data and many others. Mike was on the board at the time of the
disposal of Venfin’s stake in Vodacom to Vodafone.

Qualifications:

    -   BCom, University of Cape Town: 1981
    -   Certificate in the Theory of Accountancy, University of Cape Town: 1982
    -   BCom (Hons) Financial Accounting, University of Cape Town: 1982
    -   CA(SA), SA Institute of Chartered Accountants: 1986
    -   Masters of Law, University of Cape Town: 1992
    -   Advanced Management Program, Harvard Business School, USA: 2002
    -   Leadership Best Practices Program, Harvard, USA: 2004

Current board memberships:

    -   MTN South Africa: Audit and Risk Committee
    -   AVI Limited: Audit and Risk Chair
    -   Spur Corporation Limited: Board Chair; Remuneration and Nominations Committee
    -   Vinimark Holdings: Board Chair; Remuneration Committee Chair; Social Ethics Transformation Committee
        Chair; Audit Committee Chair

Past board memberships:

    -   Primedia Limited: Remuneration Committee
    -   Venfin Limited: Board member
    -   One Digital Media: Board Chair

20 June 2019


Sponsor
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