Mondi, the international packaging and paper group, has appointed Frederik Phaswana as its joint Chairman as of June 1st, replacing Cyril Ramaphosa who stepped down at the start of this month.
Phaswana is Chairman of Standard Bank Group and The Standard Bank of South Africa and was also chairman of the South African Institute of International Affairs and non-executive director of Naspers.
David Williams, Joint Chairman, said: "The Mondi Group boards and I are delighted that Fred will be joining us. He brings extensive experience in board and senior business leadership roles and his knowledge of the South African business environment will be of particular benefit to Mondi."
Start your trial of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
The share price rose 0.87% to 922.50p by 12:45 Tuesday.
NR
Join more than 165,000 subscribers and keep yourself informed with the latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.