Adcorp Holdings Limited
Registration number: 1974/001804/06
Share code: ADR
ISIN number: ZAE000000139
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, shareholders are advised that Ms Tshidi Mokgabudi has been appointed as an Independent Non-Executive Director to the Board of Adcorp with effect from 15 October 2020.
Ms Mokgabudi is a Chartered Accountant with extensive experience in board and executive leadership, as well as governance, spanning across both the public and private sectors. She has extensive financial expertise, business acumen and leadership qualities, with more than 30 years of accounting, auditing and advisory experience within the public and private sectors.
Ms Mokgabudi is a qualified Chartered Accountant and holds various other qualifications which include Diploma in Tax Law, Honours Bachelor of Accounting Science, Bachelor of Accounting Science and Bachelor of Commerce, Economics and Industrial Psychology.
Ms Mokgabudi currently serves as the Chairperson for the UCT Audit and Risk Committee (“ARC”) and Eaglequest Investments (Pty) Ltd Board of Directors. She is also a Director of Notes of Nature and Truworths International Limited.
The appointment of Ms Tshidi Mokgabudi will allow a smooth transition process from Ms Sindi Mabaso-Koyana (existing ARC Chairperson), who will be stepping down from the Adcorp Board of Directors on 28 February 2021 in line with her statutory tenure. Ms Tshidi Mokgabudi will be taking over the Chairmanship of the ARC, effective 01 March 2021.
The Board welcomes Ms Mokgabudi and looks forward to her future contribution to Adcorp. Her skills align with the need state of the company.
16 October 2020
Sponsor: PSG Capital