Hudaco Industries Strengthens Board with Bukelwa Bulo as Independent Director

• Hudaco Industries appoints Bukelwa Bulo as independent non-executive director and member of the audit and risk management committee.
• Bulo, a Chartered Accountant (SA) and experienced private equity professional, brings expertise in investment evaluation, deal structuring, and strategic management.
• Her appointment reflects Hudaco’s commitment to strengthening its board and leveraging diverse skills for growth and enhanced governance.

Hudaco Industries Limited, a prominent industrial group in South Africa, announced a significant change to its Board of Directors and Board Committee with the appointment of Bukelwa Bulo as an independent non-executive director. This move, in compliance with the Listings Requirements of JSE Limited, will take effect from June 22, 2023. Bulo will also join the Company’s audit and risk management committee.

Bukelwa Bulo brings a wealth of expertise and experience to her new role at Hudaco Industries. With a background as a Chartered Accountant (SA) and completion of a PLD at Harvard Business School, along with a CFA charter and a Bachelor of Business Science with Finance Honours, Bulo is well-equipped for this position. Her impressive career spans over 16 years in private equity, during which she gained exposure to various sectors, including industrial services and retail. Bulo is highly skilled in investment and divestment evaluation, deal structuring, as well as strategic and stakeholder management.

Notably, Bulo is also a co-founder of Jade Capital Partners, an investment holding company with a primary focus on the property, industrial, construction, and building materials sectors. Her current directorships include non-executive positions on the boards of Capital Appreciation Limited, Netcare Limited, and Sephaku Holdings Limited.

The appointment of Bukelwa Bulo to the Board of Directors of Hudaco Industries has been warmly received. The company’s board looks forward to her valuable contributions, leveraging her extensive experience and diverse skill set. Bulo’s appointment aligns with Hudaco’s commitment to bolstering its board with accomplished professionals who bring unique perspectives and expertise.

Hudaco Industries Limited is a well-established industrial group listed on the JSE Limited. The company operates across various sectors, including industrial, electrical, security, automotive, and building materials. The addition of Bukelwa Bulo to the Board of Directors is expected to strengthen the company’s governance practices, drive growth, and further its strategic objectives.