Resignation and Appointment of Directors at SAB Zenzele Kabili Holdings

SAB Zenzele Kabili Holdings (RF) Limited (JSE: SZK) announced today the resignation of Mr. Duncan Pask, a non-executive director, with immediate effect. Concurrently, the Company disclosed the appointment of Mr. Lufuno Trevor Shinwana as a non-executive director, effective from February 1, 2024.

Resignation of Mr. Duncan Pask

Mr. Duncan Pask, who served as a non-executive director at SAB Zenzele Kabili Holdings (RF) Limited, has tendered his resignation. The departure of Mr. Pask marks the end of his tenure with the Company, during which he provided valuable insights and contributions to the Board.

Appointment of Mr. Lufuno Trevor Shinwana

In light of Mr. Pask’s resignation, SAB Zenzele Kabili Holdings (RF) Limited has appointed Mr. Lufuno Trevor Shinwana as a non-executive director, effective February 1, 2024. Mr. Shinwana brings a wealth of experience and expertise to the Board, particularly in legal and corporate governance matters.

Profile of Mr. Lufuno Trevor Shinwana

Mr. Lufuno Trevor Shinwana currently serves as the Company Secretary & Senior Legal Counsel at AB Inbev (“ABI”) in Africa. He holds an LLB from the University of Pretoria and an LLM from Cornell University. Prior to his role at ABI, Mr. Shinwana practiced as a competition law attorney at two leading law firms in South Africa.

Board’s Policy and Acknowledgement

The appointment of Mr. Shinwana is in line with the Board’s policy aimed at maintaining a clear balance of power and authority at the Board level, ensuring that no individual director possesses unchecked decision-making authority. The Chairman of the Board expressed appreciation for Mr. Pask’s contributions and welcomed Mr. Shinwana to the Board.

Shareholder Approval

Mr. Lufuno Trevor Shinwana’s appointment as a non-executive director is subject to approval by Shareholders at the next annual general meeting of the Company.

Conclusion

The changes in the Board of Directors at SAB Zenzele Kabili Holdings (RF) Limited reflect the Company’s commitment to ensuring effective governance and strategic leadership. With Mr. Shinwana’s appointment, the Company looks forward to benefiting from his expertise as it continues to pursue its objectives and deliver value to its stakeholders.