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Foschini - board and board committees changes
The Board announced the appointment of Mamongae Mahlare as an independent non-executive director of the Company, with effect from 1 July 2026.
Changes to the Classification of Directors
Based on their tenure being longer than 12 years, the following directors, previously classified as Independent Non-executive Directors, are now classified as Non-executive Directors of the Company, with effect from 1 July 2026:
- Boitumelo Makgabo-Fiskerstrand - Non-executive Director
- David Friedland - Non-executive Director (to retire at 2026 AGM)
Change to the Board – Retirement of Non-executive Directors
Ronnie Stein and David Friedland, both being non-executive directors of the Company, who are due to retire by rotation at the Company's annual general meeting ('AGM') on 3 September 2026, have indicated that they will not offer themselves for re-election. They will therefore be retiring from the Board with effect from 3 September 2026, following the conclusion of the Company's AGM. As a result, David will also step down as a member of the Risk Committee on that date.
Changes to the Audit Committee
With effect from 1 July 2026, Gcina Zondi has been appointed as a member of the Audit Committee and Mr David Friedland and Boitumelo Makgabo-Fiskerstrand will be stepping down as members of the Committee.
Changes to the Social and Ethics Committee
With effect from 1 July 2026, Bridgitte Backman has been appointed as the Chair of the Social and Ethics Committee, replacing Boitumelo Makgabo-Fiskerstrand who will remain a member of the Committee.
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