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Former govt official to head PPC

Oct 11 2012 12:03 Reuters

Company Data

PPC Limited [JSE:PPC]

Last traded 33.95
Change -0.05
% Change 0.00
Cumulative volume 97421
Market cap 20.55bn

Last Updated: 02/09/2014 at 10:44. Prices are delayed by 15 minutes. Source: McGregor BFA

FIRSTRAND LIMITED [JSE:FSR]

Last traded 43.82
Change 0.32
% Change 0.01
Cumulative volume 597158
Market cap 247.05bn

Last Updated: 02/09/2014 at 10:44. 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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