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Grindrod Ltd (GNDJ.J)

GNDJ.J on Johannesburg Stock Exchange

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Summary

Name Age Since Current Position

Michael Hankinson

68 2018 Executive Chairman of the Board

Andrew Waller

55 2018 Chief Executive Officer, Executive Director

Xolani Mbambo

2018 Group Finance Director, Executive Director

Bongiwe Ntuli

40 2018 Executive Director

David Polkinghorne

53 2010 Chief Executive Officer - Financial Services, Executive Director

Catherina Lewis

2013 Group Company Secretary

Nkululeko Sowazi

54 2017 Lead Independent Non-Executive Director

Hassen Adams

65 2000 Independent Non-Executive Director

Mkhuseli Faku

51 2009 Independent Non-Executive Director

Walter Geach

63 2008 Independent Non-Executive Director

Grant Gelink

68 2013 Independent Non-Executive Director

Zola Malinga

40 2016 Independent Non-Executive Director

Raymond Ndlovu

51 2016 Independent Non-Executive Director

Pieter Uys

55 2013 Independent Non-Executive Director

Sandile Zungu

51 2009 Independent Non-Executive Director

Biographies

Name Description

Michael Hankinson

Mr. Michael John Hankinson serves as Executive Chairman of the Board of the Company. Mike was appointed as chairman of Grindrod Limited in 2014 after serving as a non-executive director since 2009. Following the early-retirement of the previously serving CEO, Alan Olivier, Mike assumed the position of executive chairman as an interim arrangement to manage stakeholder value-creation in terms of the company’s revised restructuring strategy. He is the current chairman of the Spar Group Limited and is a former non-executive director of numerous listed and unlisted companies, and former CEO of Romatex Limited and Dunlop Tyres International Proprietary Limited.

Andrew Waller

Mr. Andrew Geard Waller serves as Chief Executive Officer, Executive Director of the Company. He has been Director of local and international subsidiaries. Andrew was previously a partner of Deloitte & Touche for 15 years during which time he was responsible for a number of South African listed companies. He has seven years’ service with the group.

Xolani Mbambo

Mr. Xolani Mbambo, CA (SA) serves as Group Finance Director, Executive Director of the Company. He was appointed CFO Grindrod Freight Services in 2013 and Group Financial Director effective 1 September 2018. Director of various local and international subsidiaries. Prior to joining Grindrod, Xolani spent over a decade with Anglo American in various finance roles at its corporate offices in South Africa, Botswana and United Kingdom.

Bongiwe Ntuli

Ms. Bongiwe Ntuli is no longer a Executive Director of the Company effect from 31 December 2018. She was Chief Executive Officer - Port, Terminals and Rail, Executive Director of the Company effect from 31 December 2018. She is Director of local subsidiary companies and associates, including Grindrod (SA) (Pty) Ltd, Oiltanking Grindrod Calulo (Pty) Ltd and Röhlig-Grindrod (Pty) Ltd. Bongiwe joined Freight Services in May 2008 as chief financial officer. She previously held various finance, treasury and risk management positions within Anglo American at their head office and in their subsidiaries in different countries, including SA, Canada and London. She holds CA(SA).

David Polkinghorne

Mr. David Andrew Polkinghorne serves as Chief Executive Officer - Financial Services, Executive Director of the Company. He has been Managing director of Grindrod Bank Limited and executive director of all the Financial Services Division group companies. Director of companies and trustee of various charitable trusts and foundations. Chairman of the Grindrod Pension and Grindrod Provident Funds. David has been involved in the financial services sector for more than 25 years. He has had exposure to all areas of corporate and investment banking and, in particular, has extensive experience in commercial property finance, private equity and corporate finance.

Catherina Lewis

Mrs. Catherina Isabella Lewis is Group Company Secretary of the Company. She holds LLB; LLM (Law of Contract); LLM (Corporate Law), Admitted Attorney and Conveyancer.

Nkululeko Sowazi

Mr. Nkululeko Leonard Sowazi serves as Lead Independent Non-Executive Director of the Company. He has been Chairman of Kagiso Tiso Holdings, a leading SA investment holding company with significant interest in the media, financial services and industrial sectors. He is the chairman of Synchem Group Limited, a chemical holdings company. Nkululeko is the executive chairman and co-founder of Tiso Investment Holdings, a diversified Pan African investment holding company with business interests in South Africa and Ghana. He is a director of MTN Group Limited, Vanguard Group Limited (Ghana), Tiso Blackstar Group SE (UK) and IQ Business Holdings.

Hassen Adams

Mr. Hassen Adams is no longer an Independent Non-Executive Director of the Company effective November 30, 2018. Hassen is a consulting engineer, executive chairman of Grand Parade Investment Limited and non-executive chairman of SunWest. He holds directorships in diverse industry sectors including construction, gaming, shipping, entertainment and leisure and has extensive experience in corporate fi nance. Hassen was voted EY’s South African Exceptional Entrepreneur for 2014 and was bestowed with a Honorary Doctorate in 2016 by the University of the Western Cape.

Mkhuseli Faku

Mr. Mkhuseli Richman Faku serves as Independent Non-Executive Director of the Company since 15 December 2009. He has been Group executive chairman and founder of Calulo Investments Proprietary Limited and director of various Calulo group companies. Mkhuseli has extensive experience in the South African oil and logistics sectors and serves on several boards of both listed and unlisted companies and is a Governor on the board of Rhodes University.

Walter Geach

Prof. Walter Dayson Geach is no longer an Independent Non-Executive Director of the Company effective November 30, 2018. He has been Professor and head of the Department of Accounting at the University of the Western Cape, non-executive director of Grindrod Bank Limited and chairman of the bank’s audit committee. Walter’s areas of specialisation are financial accounting, taxation, corporate governance, business and financial planning.

Grant Gelink

Mr. Grant Glenn Gelink serves as Independent Non-Executive Director of the Company. He holds BCompt (Hons); BCom (Hons); CA(SA). He has been Non-executive director of Altron Limited, MTN Zhakele Futhi Limited, First-Rand Limited and Santam Limited. Grant has had extensive work experience with Deloitte & Touche which spans over 26 years and he served as chief executive from 2006 until his retirement from the firm in 2012.

Zola Malinga

Ms. Zola Malinga serves as Independent Non-Executive Director of the Company. She is a Co-founder and executive director of Jade Capital Partners, an investment holding company. Zola has experience in real estate and investment banking including corporate fi nance advisory, investments, debt and equity fi nance having worked at the Liberty Group, Investec Bank and Standard Bank. She serves as non-executive director and a member of the audit committee of Hospitality Property Fund Limited, Sasol Inzalo and the South African Property Owners Association.

Raymond Ndlovu

Mr. Raymond Ndlovu serves as Independent Non-Executive Director of the Company. Raymond has 27 years’ experience in various fields in the financial services industry. In 2013 Raymond joined Invenfin, the venture investment division of Remgro as an investment executive, before being re-assigned to Remgro in July 2015. He serves on the Remgro Management Board and in a non-executive capacity on the boards of several Remgro investee companies and as an independent director of Strate Limited.

Pieter Uys

Mr. Pieter J. Uys serves as Independent Non-Executive Director of the Company. He has been Director of major local and international companies and also serves on the Remgro Management Board. Pieter is a former CEO of Vodacom Group Limited.

Sandile Zungu

Mr. Sandile Donald Muziwenkosi Zungu serves as Independent Non-Executive Director of the Company. He has been Executive chairman and founding member of Zungu Investments Proprietary Limited and previous chairman of EOH Holdings Limited. Sandile serves on the Presidential Advisory Council on Black Economic Empowerment and was a member of the World Economic Forum in his capacity as Young Global Leader.

Basic Compensation

Name Fiscal Year Total

Michael Hankinson

9,790,000

Andrew Waller

7,200,000

Xolani Mbambo

--

Bongiwe Ntuli

7,011,000

David Polkinghorne

7,058,000

Catherina Lewis

--

Nkululeko Sowazi

539,000

Hassen Adams

392,000

Mkhuseli Faku

302,000

Walter Geach

666,000

Grant Gelink

544,000

Zola Malinga

477,000

Raymond Ndlovu

593,000

Pieter Uys

824,000

Sandile Zungu

302,000
As Of  31 Dec 2017