PPC SENS announcement:
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, PPC wishes to announce that the Company and the CEO have agreed to part ways. Mr Castle has accordingly decided to resign his PPC group directorships but will be available to the PPC Group to ensure a smooth handover for a period of six months. He will be pursuing other interests.
Mr Castle joined the Board at a difficult time and was instrumental in stabilising the Company and overseeing the commissioning of several new projects for which the Board is most grateful.
On behalf of the Board, the Chairman Mr Peter Nelson said that the Nominations Committee of the
board will commence the process to appoint a permanent CEO immediately. With immediate effect
and in the transitional period Mr Johan Claassen, the Managing Director of the South African cement
business, has been appointed as interim CEO of PPC Limited and as an Executive Director to the PPC
Ltd Board, until such time as a permanent CEO and Executive Director is appointed. He holds a BEng
(University of Stellenbosch) and EDP (Wits Business School) and has served as a member of the
group executive team since January 2013. Mr Claassen has more than 28 years’ experience in all
facets of the cement industry and has been with PPC for that period.
