South Africa's TFG appoints independent non-executive directors

Potgieter will also serve as a member of the audit and risk committees. He is a chartered accountant and has extensive senior level experience in the manufacturing, retail and supply chain sectors, having most recently served as the chief executive officer of Italtile Limited and formerly CEO of Massdiscounters (a division of Massmart). He also served as a business manager at Clover and spent eight years at SABMiller in senior financial roles. Jan currently serves as a non-executive director on the boards of Italtile Limited and Fortress Real Estate Investments Limited. He is also the chairman of Janette Media Consulting.

Sowazi has over 30 years experience as the senior executive and investment management and has served on numerous boards of both listed and unlisted companies. He 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 was the chairman of Kagiso Tiso Holdings (KTH) until June 2020 and currently serves as a non-executive director on the boards of Sappi Limited, Grindrod Limited and MTN Group Limited. Nkululeko serves on a number of not-for-profit organisations and holds a Masters degree from the University of California, Los Angeles (UCLA).

The appointment of Potgieter and Sowazi will strengthen the board from a skills and independence perspective and is the outcome of the nomination committee and the board’s continuous review of board composition, succession planning and board renewal.

ALCHEMPro News Desk (RR)