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Changes to the board and board committees
HULAMIN LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1940/013924/06
JSE Code: HLM
ISIN: ZAE000096210
("Hulamin", the "Group" or the "Company")
CHANGES TO THE BOARD AND BOARD COMMITTEES
In accordance with paragraph 3.59 of the JSE Limited ("JSE") Listings Requirements, shareholders are
advised that Mr Naran Maharajh has resigned as a non-executive director of Hulamin with effect from
31 December 2024 due to growing demands for his time with regard to other commitments.
To fill the vacancies on the board, shareholders are advised that the board of directors of the Company
("Board") is pleased to announce the appointment of Ms Zanele Monnakgotla, Dr Andreas Tostmann
and Mr Linda Yanta as independent non-executive directors with effect from 1 December 2024. The
appointments were made in accordance with the board policy for the nomination and appointment of
directors.
Zanele Monnakgotla
Zanele is a board member of Sasol Khanyisa Public, Sasol South Africa, Ecobank Transnational
Incorporated, Rand Water and Adowa Properties. She previously served as a board member of
amongst others, the Development Bank of South Africa, Philafrica Foods, Small Enterprise
Development Agency, National Advisory Council on Innovation and South Africa Bureau of Standards.
Zanele has held key senior management roles and was the Head of Innovation and Head of Strategic
High Projects at the Industrial Development Corporation. She founded and was the Managing Director
of Freewi Technologies.
Zanele holds LLB and BCom degrees, as well as a Post Graduate Diploma in Risk Management, a
Masters degree in Management of Finance, and an LLM in Tax law.
Andreas Tostmann
Andreas is the CEO of Lynius GmbH, based in Münich Germany. He has more than 30 years of executive
experience in a wide variety of industries, including car and truck manufacturing, aerospace, maritime
sector, IT and mechanical engineering. Andreas was appointed as the Managing Director of
Volkswagen of South Africa in January 2004 and was awarded an Honorary doctorate by the Nelson
Mandela Metropolitan University for the work he undertook, whilst leading Volkswagen of South
Africa in promoting economic development, driving industry co-operation and collaboration on an
international level and furthering education for engineering students. Andreas was a member of the
Volkswagen executive board for Production and CEO of MAN Truck and Bus. He was previously a board
member of Sinotruk (Hong Kong), Fraunhofer Austria Research GmbH, MAN Truck & Bus Deutschland
GmbH, Rheinmetall MAN Military Vehicles GmbH and VDA Vorstandskreis Nutzfahrzeuge.
Andreas holds degrees in Economics and Mechanical Engineering.
Linda Yanta
Linda is a seasoned independent governance consultant. He is a board member of M&G Investment
Group (previously Prudential), M&G Life (a subsidiary) and chairs the organisation's group audit, risk
and compliance committee. Linda was previously the CFO of Arena Holdings Group and a director in
the Corporate Governance Services unit at SNG. He also chaired the board of Trustees of the Anglo
Platinum Community Trust and briefly chaired the Rand Water Medical Scheme Audit Committee.
Linda has held key senior management roles in finance at Unilever, Eskom, Transnet and National
Sorghum Brewery. Linda has a depth of experience in the various aspects of finance and assurance.
Linda is a qualified Chartered Accountant (SA).
CHANGES TO BOARD COMMITTEES
As a consequence of the above resignation and appointments, the Board committees have been
reconstituted as follows:
Audit Committee
- Naran resigns as a member and chair with effect from 31 December 2024.
- Linda is appointed as a member with effect from 1 December 2024 and incoming chair with
effect from 31 December 2024.
Remuneration Committee
- Naran resigns as a member with effect from 31 December 2024.
- Zanele is appointed as a member with effect from 1 December 2024.
Risk Committee
- Naran resigns as a member with effect from 31 December 2024.
- Andreas is appointed as a member with effect from 1 December 2024.
- Linda is appointed as a member with effect from 1 December 2024
Social, Ethics and Sustainability Committee
- Zanele is appointed as a member with effect from 1 December 2024.
- Ms Ayanda Mngadi, the Hulamin Group Executive for Corporate Affairs, resigns as a member
with effect from 1 December 2024.
Nomination and Governance Committee
- Naran resigns as a member with effect from 31 December 2024.
- Linda is appointed as a member with effect from 31 December 2024.
The Board would like to express its sincere gratitude to Naran for his valuable contribution and
dedication to the Company since his appointment. The Board welcomes Zanele, Andreas and Linda to
Hulamin and looks forward to their contributions.
Pietermaritzburg
29 November 2024
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 29-11-2024 04:00:00
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