Hulisani has a reshuf­fle

The Star Early Edition - - COMPANIES - ANA

HULISANI yes­ter­day an­nounced whole­sale ex­ec­u­tive ap­point­ments and changes to the com­po­si­tion of its board fol­low­ing the com­pany’s re­clas­si­fi­ca­tion as an in­vest­ment en­tity.

Chief in­vest­ment of­fi­cer, Maru­bini Ra­phulu, has been ap­pointed as chief ex­ec­u­tive with ef­fect from July 1. Ra­phulu is a for­mer in­vest­ment banker and an ad­mit­ted at­tor­ney with ex­ten­sive deal-mak­ing ex­pe­ri­ence in the en­ergy sec­tor in the African con­ti­nent. In­de­pen­dent non-ex­ec­u­tive di­rec­tor, Fhedzisani Mo­dau, will suc­ceed Ra­phulu as chief in­vest­ment of­fi­cer in an ex­ec­u­tive di­rec­tor­ship po­si­tion with ef­fect from July 1.

This comes af­ter the suc­cess­ful con­clu­sion of the vi­able as­set ac­qui­si­tion, the re­clas­si­fi­ca­tion of the com­pany as an in­vest­ment en­tity, and the suc­cess­ful con­clu­sion of the ac­qui­si­tion of Mo­men­tous Tech­nol­ogy for R122 mil­lion.

Among the changes was Ma­si­bulele Dem, who has been ap­pointed to the board as ex­ec­u­tive fi­nan­cial di­rec­tor with ef­fect July 1.

Dem would leave his po­si­tion of se­nior as­so­ciate, In­vest­ment Bank­ing at Africa Ris­ing Cap­i­tal. Mark Booy­sen has re­signed as fi­nan­cial di­rec­tor of the com­pany with ef­fect from Au­gust 1 to al­low for a smooth han­dover to Dem.

Hulisani said Malun­gelo Zil­im­bola would con­tinue to serve as a mem­ber of the board in a non-ex­ec­u­tive role with ef­fect from July 1. – ANA

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