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PPC appoints Peter Nelson as permanent board chairman
Written by Global Cement staff
02 November 2016
South Africa: PPC has appointed Peter Nelson as its permanent board chairman following his interim tenure in the role following the retirement of Bheki Sibiya. The appointment took affect from 24 October 2016. Other recent appointments include the proposal to elect Nicky Goldin as the third member of the audit committee following the retirement of Bridgette Modise and the appointment of Timothy Leaf-Wright as chairman of the risk and compliance committee with immediate effect
Nelson was appointed to the board as an independent non-executive director on 25 January 2015. His experience covers manufacturing, mining, telecommunications, healthcare, leisure, property, packaging and the motor industry in listed and private entities in South Africa, the UK, Zimbabwe and Nigeria. He has served as chief financial officer on several boards including Telkom, Netcare, Mondi and he was the financial director of PPC from 2000 to 2003.
Goldin was appointed to the board as an independent non-executive director in January 2015 and currently serves on the Remuneration and
Investment sub-committees of the board. She holds a B.Com (Hons) from the University of the Witwatersrand and obtained an MBA from the University of Illinois. She has held senior positions at Deloitte Consulting, BHP Billiton, Anglo American, Standard Bank and ANZ Bank (Australia).
Leaf-Wright is a chartered secretary and was appointed to the board as an independent non-executive director in January 2015. He currently serves as a member of the risk and compliance, social, ethics and transformation and investment committees. His career with Nampak Limited spanned 41 years prior to early retirement in 2014. During the last 11 years, he was seconded to Mozambique, Nigeria and Angola to spearhead negotiations and subsequently construction and managing of both brown and greenfield plants in those countries.
Camargo Corrêa names Heinz-Peter Elstrodt as chairman
Written by Global Cement staff
02 November 2016
Brazil: Camargo Corrêa has named Heinz-Peter Elstrodt as its chairman replacing Vitor Hallack. The decision to hire Elstrodt is part of the conglomerate’s intention to direct the company towards asset portfolio management away from the construction industry, according to the Valor Econômico newspaper. Previously, German national Elstrodt has spent 32 years at the consultancy McKinsey, where he reached the role of Latin America president. The changes in management follow the resignation of Hallack in August 2016 and governance problems following links to the Petrobras corruption scandal.
Taner Aykac appointed managing director of Compagnie des Ciments Belges
Written by Global Cement staff
02 November 2016
Belgium: Taner Aykac has been appointed the managing director of Compagnie des Ciments Belges (CCB). The board of directors has also appointed Eddy Fostier as general manager of the company.
Aykac, a Belgian national aged 53 years, holds a Bachelor of Science in Engineering and a MBA. He started his career in the agrochemical sector for Pioneer Overseas Corporation/DuPont in 1988 and subsequently worked for chemical and pharmaceutical multinationals such as Ciba-Geigy, Novartis and Zeneca, where he held various senior roles until 2000 before working for Syngenta Group. In 2011, Aykac was appointed CEO of Cimentas, a Cementir Group subsidiary in the Turkish cement and ready-mixed concrete business, contributing to the reorganisation of the company. He worked in Turkey until the end of 2015.
HeidelbergCement appoints new board of directors for Italcementi
Written by Global Cement staff
26 October 2016
Italy: HeidelbergCement, the sole shareholder of Italcementi, has appointed a new board of directors its subsidiary at a shareholder meeting on 19 October 2016. The new members are Luca Sabelli as chairman, Dominik von Achten as executive vice president, Lorenz Näger as executive vice president and Roberto Callieri as chief executive officer.
On 12 October 2016, HeidelbergCement purchased the remaining Italcementi shares that had not been tendered in the mandatory tender offer. From this date HeidelbergCement became the sole shareholder of Italcementi and owns 100% of the share capital. Italcementi shares were delisted from the Italian Stock Exchange on the same day.
Doug Oberhelman to retire from Caterpillar in March 2017
Written by Global Cement staff
18 October 2016
US: Chairman and CEO Doug Oberhelman will retire from Caterpillar on 31 March 2017. The company’s board of directors has elected Jim Umpleby, currently a Caterpillar Group President with responsibility for Energy & Transportation, to succeed Oberhelman as CEO.
Umpleby, a 35-year veteran of the company, will join the Caterpillar Board of Directors and become CEO effective 1 January 2017. He joined Solar Turbines in San Diego, California in 1980. Solar, a wholly owned subsidiary of Caterpillar, is a manufacturer of industrial gas turbine systems. Early in his career, he held numerous positions of increasing responsibility in engineering, manufacturing, sales, marketing and customer services. Umpleby lived in Asia from 1984 to 1990 with assignments in Singapore and Kuala Lumpur, Malaysia. The Caterpillar Board of Directors elected Umpleby a Caterpillar Vice President and President of Solar Turbines in 2010. He was named Group President and a member of Caterpillar’s Executive Office, effective from January 2013.