Hulisani has a reshuffle
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