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News AfriSam preparing to appoint new chief executive officer in run-up to merger with PPC

AfriSam preparing to appoint new chief executive officer in run-up to merger with PPC

Written by Global Cement staff 22 March 2017
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South Africa: AfriSam is preparing to replace its chief executive officer (CEO) to aid its merger discussions with PPC. Rob Wessels, a former chief investment officer at AfriSam’s black empowerment partner Phembani Group, is set to replace current Stephan Olivier on a short-term contract, according to sources quoted by Boomberg. The personnel manoeuvring would also potentially place PPC’s current CEO Darryll Castle in a strong position to become the merged company’s new leader. PPC and AfriSam announced that they had resumed merger talks in February 2017 after a previous attempt stalled in 2015.

Published in People
Tagged under
  • South Africa
  • GCW294
  • AfriSam
  • PPC
  • Merger

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