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Mondi appoints new chair

Johannesburg - The paper and packaging group Mondi on Tuesday announced the appointment of Tshamano Mohau Frederik “Fred” Phaswana as joint chairperson of the group with effect from June 1.

He will replace Cyril Ramaphosa who‚ as announced in January‚ stepped down at the conclusion of the annual general meetings on May 3‚ Mondi said in a Sens statement.

Fred Phaswana is chairperson of Standard Bank Group [JSE:SBK] and The Standard Bank of SA.

He is also chairperson of the South African Institute of International Affairs and non-executive director of Naspers [JSE:NPN].

He was formally regional president of BP Africa‚ a non-executive director of Anglo American [JSE:AGL] and chairperson of Anglo American SA‚ Anglo Platinum [JSE:AMS]‚ Transnet‚ Ethos Private Equity‚ the South African Energy Association and the advisory board of the Cape Town Graduate School of Business. He is also former honorary president of the Cape Town Press Club.

David Williams is the other joint chairman of Mondi Group.

The Mondi group has production operations across 30 countries and had revenue of €5.8bn last year. The group’s key operations are located in central Europe‚ Russia and SA and as at the end of last year‚ Mondi employed 25 700 people. 
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