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SHOPRITE HOLDINGS LIMITED - Change to the board of directors : appointment of independent non-executive directors
2021/05/11 14:30:00Download PDF Stock report
Change to the board of directors : appointment of independent non-executive directors
SHOPRITE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Reg. No. 1936/007721/06
ISIN: ZAE000012084
JSE Share code: SHP
NSX Share code: SRH
LuSE Share code: SHOPRITE
(“Shoprite Holdings” or “the Group”)
CHANGE TO THE BOARD OF DIRECTORS: APPOINTMENT OF INDEPENDENT NON-
EXECUTIVE DIRECTORS
In accordance with paragraph 3.59 of the JSE Limited Listings Requirements the board of
directors of Shoprite Holdings (the “Board”) is pleased to announce the appointment of
Linda de Beer and Nonkululeko Gobodo as independent non-executive directors to the
board of Shoprite Holdings with effect from 11 May 2021.
Linda is a Chartered Accountant (SA), Chartered Director (SA) and holds a Master’s degree
in Taxation. She has extensive experience as an independent non-executive director
having served on the boards of various listed companies over the past ten years. She
currently serves on the boards of Aspen Holdings Ltd (Chair: Joint Remco/Nomco),
Momentum Metropolitan Holdings Ltd (Chair: Audit Committee) and Tongaat Hulett Ltd
(Chair: Audit Committee and Legal Committee). She previously held numerous advisory
roles pertaining to governance, accounting and reporting including being a member of the
King Committee on Corporate Governance and chairing the Financial Reporting
Investigations Panel of the JSE. In April 2020 Linda was appointed as Chair of the Public
Interest Oversight Board, a body established by the large international regulatory
authorities to oversee and monitor the standards set for audit and accountant ethics are
responsive to the public interest.
Nonkululeko is a Chartered Accountant (SA) with extensive experience as a non-executive
director having served on the board of the Clicks Group Ltd, Mercedes Benz SA, Imperial
Ltd, the SA Maritime Authority, the SARS (South African Revenue Service) Audit
Committee, the Transformation Committee of the Independent Regulatory Board of
Auditors (Chair), the Senior Partners Forum of the SA Institute of Chartered Accountants
(Deputy Chair) and the Gauteng Ethics and anti-corruption commission. She currently
serves as an independent non-executive director of PPC Ltd (Chair: Social, Ethics and
Transformation Committee and Chair: Audit Committee), a member of the Gauteng Ethics
and Anti-Corruption Commission and was jointly appointed to act as caretaker at the IRBA
(Independent Regulatory Board for Auditors) until a new board is appointed.
Nonkululeko is a pioneer in her field, having established her own successful accounting
and audit firm during the apartheid era. The firm grew to become SizweNtsalubaGobodo
(SNG), the largest black accounting firm in South Africa and fifth-largest overall. In 2018,
SNG acquired the Grant Thornton South Africa licence, testament to the business’ leading
position in the accounting profession in South Africa.
Nonkululeko has received numerous accolades for her role in accounting and business
including The Life Time Achievement Award: Excellence in Accountancy - SA Professional
Services Award (2014).
The Shoprite Holdings board welcomes Linda and Nonkululeko and looks forward to their
valued contribution to the Group.
By order of the Board.
11 May 2021
Sponsor - Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 11-05-2021 02:30:00
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