AECI Limited Strengthens Governance: Board Committee Shake-Up Promotes Expertise and Alignment

  • AECI Limited announces changes to its Board Committees: Ms. Marna Roets appointed as Chairman of the Remuneration and Human Capital Committee, Mr. Samuel Coetzer joins as a member, and Mr. Mark Kathan steps down from two committees to align with the AECI Executive Committee.
  • These changes aim to enhance corporate governance and ensure the right mix of skills and expertise within the committees.
  • AECI expresses gratitude to retiring board members and reaffirms its commitment to effective governance structures for continued success.

AECI Limited has recently made significant changes to its Board Committees, signaling a commitment to strengthening its corporate governance framework. These changes, effective immediately, aim to ensure the company’s committees are composed of individuals with the right expertise to drive continued growth and success.

In accordance with paragraph 3.59 of the JSE Limited (JSE) Listings Requirements and paragraph 6.39 of the JSE Debt Listings Requirements, AECI has announced the following changes:

Ms. Marna Roets, a Non-executive Director of AECI since 2020, has been appointed as the Chairman of the Remuneration and Human Capital Committee. Ms. Roets will be taking over from Mr. Godfrey Gomwe, who recently retired from the Board following the conclusion of the Annual General Meeting held on May 30, 2023. Ms. Roets also holds positions as a member of the Audit and Social, Ethics and Sustainability Committees, as well as the AECI Captive Insurance Financial Review Committee.

To further strengthen the Remuneration and Human Capital Committee, Mr. Samuel Coetzer, another Non-executive Director, has been appointed as a member. Mr. Coetzer’s extensive experience and expertise will enhance the committee’s capabilities, ensuring robust decision-making.

In a strategic move to align with the functions of the AECI Executive Committee, Mr. Mark Kathan, an Executive Director of AECI and the Chief Executive Officer of AECI Mining Limited, has stepped down from his positions as a member of the Risk Committee and the Safety, Health, and Environment Committee.

AECI, known for its commitment to upholding strong corporate governance practices, aims to reinforce its board committees with individuals who possess the relevant skills and knowledge. The changes announced highlight the company’s dedication to maintaining effective governance structures and positioning itself for future growth and success.

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