Johannesburg - Edcon on Thursday announced the appointment
of David Brown‚ Thabo Felix Mosololi and Louis von Zeuner as new independent
non-executive board members to the main board as well as the audit and risk
committees‚ effective January 1.
Former Impala Platinum CEO Brown holds a Bachelor of
Commerce‚ CTA‚ CA (SA). He joined the Implats board in February 1999 as
financial director and was appointed to CEO in July 2006.
Prior to this he worked mainly for Exxon Mobil from 1991 to
1995 in Europe. He was appointed as a non-executive director of Vodacom in
January 2012 and non-executive chairman of ASX‚ AIM and JSE-listed Coal of
Africa in August 2012.
Mosololi holds a Bachelor of Commerce‚ Honours‚ CA (SA) and
is currently the operations director of Tsogo Sun Gaming‚ a 100% subsidiary of
Tsogo Sun Holdings. He joined Tsogo Sun Gaming in 2002 as finance director.
He was CEO of Gobodo Incorporated Chartered Accountants from
1996 to 2000 and has also served on numerous other boards since. He currently
serves on the board of Evraz Highveld Steel and Vanadium.
Von Zeuner holds a Bachelor of Economics from the University
of Stellenbosch. He retired as the deputy group chief executive of the Absa
Group on December 31. Over his 31 year career at Absa he has served on several
industry boards and subsidiary boards of the group across Africa.
He also completed several international development
programmes. He was recently appointed as a non-executive director of Telkom.
Commenting on the announcement‚ Edcon CEO Jürgen Schreiber‚
said: "We are very pleased to welcome David‚ Thabo and Louis to the board.
They bring with them a wealth of experience from diverse industries which will
only strengthen our group."
These appointments will also enable Edcon Holdings and Edcon
as issuers of traded debt instruments‚ to align with the recent opinion of the
Companies and Intellectual Property Commission in respect of the new Companies
Act‚ 2008‚ he added.
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