Edition:
United Kingdom

ArcelorMittal South Africa Ltd (ACLJ.J)

ACLJ.J on Johannesburg Stock Exchange

370.00ZAc
14 Dec 2018
Change (% chg)

25.00 (+7.25%)
Prev Close
345.00
Open
345.00
Day's High
370.00
Day's Low
330.00
Volume
72,007
Avg. Vol
436,908
52-wk High
608.00
52-wk Low
186.00

Summary

Name Age Since Current Position

Paul Makwana

47 2013 Non-Executive Independent Chairman of the Board

Hendrik Verster

2018 Chief Executive Officer, Executive Director

Avinash Maharaj

2018 Chief Financial Officer, Executive Director

Brian Aranha

62 2018 Non-Executive Director

Noluthando Gosa

55 2016 Non-Executive Director

Gert Gouws

57 2017 Non-Executive Director

Ramesh Kothari

45

Lungile Cele

65 2016 Independent Non-Executive Director

Nomavuso Mnxasana

62 2013 Independent Non-Executive Director

Jacob Modise

52 2013 Independent Non-Executive Director

Kateba Musonda

43 2017 Non-Executive Independent Director

Neville Nicolau

58 2015 Independent Non-Executive Director

Biographies

Name Description

Paul Makwana

Mr. Paul Mpho Makwana is Non-Executive Independent Chairman of the Board of the Company. Mr. Makwana is management strategist with 20 years’ executive experience in both the private and public sectors. Director of companies including Adcock Ingram Holdings Limited, Nedbank Group Limited and Nedbank Limited.

Hendrik Verster

Mr. Hendrik Jacobus (Kobus) Verster has been appointed as Chief Executive Officer, Executive Director of the Company., effective February 1, 2018. He serves as Chief Executive Officer Designate of the Company., effective January 1, 2018. Mr Verster served on the Board of Aveng Limited as CEO from 11 February 2014 until 26 September 2017. He holds a BCom degree from the University of Potchefstroom, a BCom Honours (Economics) degree from the University of Pretoria, a MBL from the University of South Africa (Unisa) and attended the Executive Management Programme at the University of Virginia in the USA. Mr Verster served on the Board of ArcelorMittal South Africa as Chief Financial Officer (“CFO”)and Executive Director from 17 February 2006 until 23 August 2010 and played a broader strategic role within the Company during that period. Prior to his appointment as CFO, he held various senior roles in Financial Management including as General Manager, Corporate Finance & Treasury from 1990.

Avinash Maharaj

Mr. Avinash Desmond Maharaj has been appointed as Chief Financial Officer, Executive Director of the Company. Mr. Maharaj has a Master’s degree in Finance and is a qualified Chartered Accountant registered with the South African Institute of Chartered Accountants. He has a 22-year career with 17 years at a senior executive level in Finance and General Management level.

Brian Aranha

Mr. Brian E. Aranha serves as Non-Executive Director of the Company., Since January 2016. Mr. Aranha is Executive Vice President of ArcelorMittal Group reporting to the Chairman and Chief Executive Officer of ArcelorMittal Group, Mr Mittal. His scope includes Global R&D, Global Automotive, Group Strategy, Corporate CTO, Commercial Coordination, Corporate Communications and Group Capital Goods Procurement, Joint ventures in China and India. He also acts as Vice Chairman of the Group Investment Allocation Committee. Mr Aranha holds a Bachelor of Applied Science degree from the University of Toronto, Canada and completed the Executive Development Program at Queens University in 1998.

Noluthando Gosa

Ms. Noluthando Primrose Gosa is Non-Executive Director of the Company. Ms. Gosa was a member of the National Planning Commission that crafted the National Development Plan and Vision 2030. She holds an MBA from the University of New Brunswick, Canada, a BA Hons (Commns)from the University of Fort Hare and several other post- graduation qualifications in business administration. Before her entrepreneurial interests which started in 2004, Ms Gosa was a sell side Investment Analyst with Investec Bank. Prior to investment banking, she was one of the founding regulators of the then SA Telecommunications Regulatory Authority (now ICASA). In addition to being Chairperson and one of the founding members of Likamva Resources, ArcelorMittal South Africa’s B-BBEE partner and 17% shareholder, she is also the current CEO and founder of Akhona Group and an independent non-executive director of Investec Asset Management (Pty) Ltd and Hulisani (Pty) Ltd. She has also sat on the Boards of other blue chip companies like Broll Property Group Pty Ltd and AON South Africa Pty Ltd.

Gert Gouws

Mr. Gert S. Gouws has been appointed as Non-Executive Director of the Company., with effect from 1 November 2017. Mr. Gouws (B.Com Law (UJ) (Cum Laude) majored in Private Law, Economics and Accounting, B.Com Honours (Accounting) (UJ), has been in the employ of the Industrial Development Corporation (IDC) since 1983, and is presently the Divisional Executive: Transaction Support & Post Investment, as well as an alternate Member to the Chief Executive Officer at the IDC Board.

Ramesh Kothari

Mr. Ramesh k. Kothari was Non-Executive Director of the Company. Mr. Kothari holds a Chartered Accountant degree from the Institute of Chartered Accountants of India. He is General Manager within the ArcelorMittal Group and is the current CFO for the ACIS region. He has over 20 years working experience in various industries and has held key executive finance roles.

Lungile Cele

Ms. Lungile Constance Z. Cele is an Independent Non-Executive Director of the Company., effective 04 January 2016. Ms. Cele holds a BCom degree from the University of Fort Hare and various post-graduate tax qualifications from the University of Natal, including a Master of Accountancy (M.Acc.) degree. She is the founder and was the Chief Executive of Tax Solutions CC prior to its merger with Garach and Garach Accountants in 2011. Ms. Cele currently holds various board memberships, including Hulamin Limited. She brings a wealth of commercial and tax expertise to the board. Ms. Cele are well qualified and have the necessary experience and understanding of the steel industry to effectively discharge their duties as non-executive directors of ArcelorMittal South Africa Limited.

Nomavuso Mnxasana

Ms. Nomavuso Patience Mnxasana is an Independent Non-Executive Director of the Company. She served as Group Audit and Risk Head at Imperial Holdings Limited and currently serves on the following JSE listed boards: Winhold, Nedbank and JSE.

Jacob Modise

Mr. Jacob R.D. Modise is an Independent Non-Executive Director of the Company. He has served on the boards of various professional organisations including the Independent Regulatory Board for Auditors (IRBA) and the South African Institute of Chartered Accountants (SAICA). He has served on a number of JSE listed boards such MTN, Altron and Eskom.

Kateba Musonda

Ms. Kateba Monica Musonda is Non-Executive Independent Director of the Company. Ms Musonda is a dual qualified English Solicitor & Zambian Advocate. She holds an LL.B from the University of Zambia and an LLM in Commercial Law and Finance from the University of London (Queen Mary College). Ms Musonda has held senior positions in private practice with Clifford Chance & Edward Nathan as well as worked as in house corporate counsel at International Finance Corporation and for the Dangote Group. Her experience working with Aliko Dangote, one of Africa’s most successful entrepreneurs gave her the impetus to start Java Foods Limited. Ms Musonda currently serves as non-executive director on the Boards of Airtel Networks Zambia Plc (chair), Zambia Sugar Plc, Dangote Industries Zambia Limited and sits on the Global Advisory Board for Scaling Up Nutrition Business Network. She was appointed by the UN Secretary General to be a member of the Lead Group of the Scaling Up Nutrition Movement. She is the recipient of the 2017 African Agribusiness Entrepreneur of the Year award, which is an award conferred annually to entrepreneurs who have demonstrated outstanding achievement in agricultural input and value addition in Africa.

Neville Nicolau

Mr. Neville Francis Nicolau is an Independent Non-Executive Director of the Company. Mr. Nicolau holds a BTech in Mining Engineering from the University of Johannesburg and an MBA from the University of Cape Town's Graduate School of Business. He is currently the CEO of Basil Read Holdings and has a long history at Anglo American at which he was the COO and executive director of Anglo Gold Ashanti, he was also the CEO at Anglo American Platinum. He has over 35 years working experience in the mining sector which includes holding various technical, management and executive positions.

Basic Compensation