To view the PDF file, sign up for a MySharenet subscription.

PPC LIMITED - Leadership and Governance Update: PPC Appoints Roland van Wijnen as Chief Executive Officer

Release Date: 26/06/2019 13:30
Code(s): PPC PPC003     PDF:  
 
Wrap Text
Leadership and Governance Update: PPC Appoints Roland van Wijnen as Chief Executive Officer

PPC Ltd (Incorporated in the Republic of South Africa)
(PPC or company or group)
Company registration number: 1892/000667/06
JSE code: PPC
JSE ISIN: ZAE 000170049
ZSE code: PPC
JSE code: PPC003
JSE ISIN: ZAG000117524

LEADERSHIP AND GOVERNANCE UPDATE: PPC APPOINTS ROLAND VAN WIJNEN AS CHIEF EXECUTIVE
OFFICER (CEO)

Following a global search, the Board of Directors of PPC Ltd is pleased to announce
the appointment of Roland van Wijnen as Chief Executive Officer (CEO).

The search for a new CEO to succeed Johan Claassen began last November when he
announced he was taking early retirement from his position of CEO of PPC.

“Considering the specialized nature of the industry, and its challenges, as soon as
Johan decided to retire, the board began a process to identify a high calibre
candidate, with extensive experience in leading cement companies in cyclical
downturns and challenging markets,” said PPC Chairperson, Jabu Moleketi.

“We are pleased to have secured Roland, a Dutch national, whose listed company
experience and exposure to international global best practice will broaden the
management practices of PPC. He is an ideal appointment as he already has a
detailed knowledge of the cement sector.     He is up-to-speed with our strategic
imperatives and will advance the process without any delays.”

VAN WIJNEN EXPERIENCE

Van Wijnen was with Holcim, now LafargeHolcim, for 17 years during which time he
held various senior leadership roles across the group. As CEO of the Philippines
business, a public company, much the same size as PPC, he successfully dealt with
similar challenges to those that PPC is facing. During his time, Holcim Philippines
successfully implemented a new retail business model and a growth strategy to best
serve customers and increase profitability.

An Industrial Engineering graduate from Twente University, in the Netherlands, van
Wijnen was CEO of certain of Holcim’s Eastern European businesses between 2005 and
2010 and also acted as CEO of Holcim’s global trading business before the Lafarge
Holcim merger. Having done some work for Holcim in South Africa before the company
moved its operations out of the region, he is familiar with the country.

Van Wijnen said: "I am excited and honoured to have been appointed into this
executive role at such iconic company that PPC is.     PPC is currently undergoing
strategic projects to ensure the long-term sustainability and viability of the
Group, and I have been working on similar initiatives for the past decade. I am
looking forward to starting my new role as CEO which will enable me to focus on the
value and growth strategy of the Group. Our future will be defined by how well we
deliver on our strategy of driving sustainable growth and maximising opportunities
in order to realise the ambitions of our company and take us to the next level of
success.”

SUCCESSION PLANNING

The PPC board recognizes that the foundation for succession planning is effective
governance, based on defined core values and application principles that guide both
governing and operating decisions and actions.
To this end, the board has conducted a detailed evaluation of the executive bench,
individual and collective skills of the leadership body and developed succession
plans to align the leadership with the strategic needs of the firm going forward.
During the next four years, the Board will work with Roland to fast-track and
implement the company’s succession policy and strategy.

Van Wijnen has signed a four-year contract and is expected to take over from
Claassen as soon as he has received a work permit. He will be tasked with building
and developing the executive team and jointly accelerating the process of turning
PPC into a high-performance organization that offers superior products and
solutions to customers throughout its leading positions across Africa.

The board would like to thank Johan for his commitment, hard work, and loyalty to
PPC, its shareholders, employees and customers.    He has accomplished what he was
set up to do - to renew the operational focus of the company and position the group
for a period of consolidation.

26 June 2019

Sponsor
Merrill Lynch South Africa (Pty) Limited

PPC:
Anashrin Pillay
Head Investor Relations
Tel: +27 (0) 11 386 9000

Financial Communications Advisor:
Instinctif Partners
Gift Dlamini
Mobile: +27 11 050 7536

Date: 26/06/2019 01:30:00 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.

Email this JSE Sens Item to a Friend.

Share This Story