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Former govt official to head PPC

Oct 11 2012 12:03 Reuters

Company Data

PPC Limited [JSE:PPC]

Last traded 29.36
Change -0.84
% Change -0.03
Cumulative volume 2674799
Market cap 17.77bn

Last Updated: 30/09/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

FIRSTRAND LIMITED [JSE:FSR]

Last traded 42.94
Change -0.07
% Change 0.00
Cumulative volume 8400666
Market cap 242.09bn

Last Updated: 30/09/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Cement maker Pretoria Portland Cement [JSE:PPC] said on Thursday it had appointed a former government official with experience in private equity as its next chief executive.

PPC said Ketso Gordhan will join the board of the company on November 1 and take over from outgoing CEO Paul Stuiver on January 1.

Gordhan previously worked for the Presidency of South Africa, the Department of Transport and the City of Johannesburg.

He was also the head of private equity at FirstRand [JSE:FSR] for nearly a decade.



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