Directorate and executive committee

Mike Hankinson 68

BCom, CA(SA)
Executive Chairman
Appointed 15 December 2009

Mike was appointed as chairman of Grindrod Limited in 2014 after serving as a non-executive director since 2009. Following the early-retirement of the previously serving CEO, Alan Olivier, Mike assumed the position of executive chairman as an interim arrangement to manage stakeholder value-creation in terms of the company’s revised restructuring strategy.

He is the current chairman of the Spar Group Limited and is a former non-executive director of numerous listed and unlisted companies, and former CEO of Romatex Limited and Dunlop Tyres International Proprietary Limited.

Committee memberships: MIC MSE MRI

Hassen Adams 65

Pr Tech Eng (Civil Engineering)
Independent non-executive director
Appointed 1 December 2000

Hassen is a consulting engineer, executive chairman of Grand Parade Investment Limited and non-executive chairman of SunWest.

He holds directorships in diverse industry sectors including construction, gaming, shipping, entertainment and leisure and has extensive experience in corporate finance.

Hassen was voted EY’s South African Exceptional Entrepreneur for 2014 and was bestowed with a Honorary Doctorate in 2016 by the University of the Western Cape.

Committee memberships: MNC MRC MRI

Mkhuseli Faku 51

BA (Law – Rhodes University); MAP (Wits Business School); OPM (Harvard Business School)
Independent non-executive director
Appointed 15 December 2009

Group executive chairman and founder of Calulo Investments Proprietary Limited and director of various Calulo group companies.

Mkhuseli has extensive experience in the South African oil and logistics sectors and serves on several boards of both listed and unlisted companies and is a Governor on the board of Rhodes University.

Walter Geach 63

Admitted Advocate of the High Court; BA LLB; MCom; CA(SA); FCIS
Independent non-executive director
Appointed 29 July 2008

Professor and head of the Department of Accounting at the University of the Western Cape, non-executive director of Grindrod Bank Limited and chairman of the bank’s audit committee.

Walter’s areas of specialisation are financial accounting, taxation, corporate governance, business and financial planning.

Committee memberships: MAC

Grant Gelink 68

BCompt (Hons); BCom (Hons); CA(SA); HDip Education;
Dip Public Administration
Independent non-executive director
Appointed 1 January 2013

Non-executive director of Altron Limited, MTN Zhakele Futhi Limited, First-Rand Limited and Santam Limited.

Grant has had extensive work experience with Deloitte & Touche which spans over 26 years and he served as chief executive from 2006 until his retirement from the firm in 2012.

Committee memberships: CAC

Gerhard Kotze 48

CA(SA)
Alternate non-executive director
Appointed 1 August 2016

Managing executive of Brimstone Investment Corporation. Gerhard has experience in corporate finance, treasury and investments at Nedbank Capital, Brait, Wipcapital and Anglo American Corporation of South Africa. Gerhard is alternate to Mkhuseli Faku.

Committee memberships: MIC

Zola Malinga 40

CA(SA)
Independent non-executive director
Appointed 24 October 2016

Co-founder and executive director of Jade Capital Partners, an investment holding company.

Zola has experience in real estate and investment banking including corporate finance advisory, investments, debt and equity finance having worked at the Liberty Group, Investec Bank and Standard Bank.

She serves as non-executive director and a member of the audit committee of Hospitality Property Fund Limited, Sasol Inzalo and the South African Property Owners Association.

Committee memberships: MSE

Raymond Ndlovu 51

B Business Studies (Hons)
Independent non-executive director
Appointed 27 May 2016

Raymond has 27 years’ experience in various fields in the financial services industry.

In 2013 Raymond joined Invenfin, the venture investment division of Remgro as an investment executive, before being re-assigned to Remgro in July 2015.

He serves on the Remgro Management Board and in a non-executive capacity on the boards of several Remgro investee companies and as an independent director of Strate Limited.

Raymond is alternate to Pieter Uys.

Committee memberships: MAC CSE

Bongiwe Ntuli 40

CA(SA)
Executive director
Appointed 20 August 2015

CEO of the Freight Services division and a director of major local and international subsidiary companies and associates, including Grindrod Bank, Grindrod Freight Services Proprietary Limited, Grindrod (South Africa) Proprietary Limited, Oiltanking Grindrod Calulo Proprietary Limited, Röhlig-Grindrod Proprietary Limited and Grindrod Mauritius. Bongiwe joined Freight Services in May 2008 as CFO after holding various positions within Anglo American.

She was appointed to the Grindrod Executive as Executive Corporate Services in 2012, as CEO Ports, Terminals and Rail in 2014 and CEO Freight Services in 2016.

Committee memberships: MEC MRI

David Polkinghorne 53

BCom; MA (Oxon)
Executive director
Appointed 22 November 2006

Managing director of Grindrod Bank Limited and executive director of all the Financial Services Division group companies. Director of companies and trustee of various charitable trusts and foundations. Chairman of the Grindrod Pension and Grindrod Provident Funds.

David has been involved in the financial services sector for more than 25 years. He has had exposure to all areas of corporate and investment banking and, in particular, has extensive experience in commercial property finance, private equity and corporate finance.

Committee memberships: MEC MRI

Nkululeko Sowazi 54

MA (UCLA)
Lead independent non-executive director
Appointed 25 February 2014

Chairman of Kagiso Tiso Holdings, a leading SA investment holding company with significant interest in the media, financial services and industrial sectors. He is the chairman of Synchem Group Limited, a chemical holdings company.

Nkululeko is the executive chairman and co-founder of Tiso Investment Holdings, a diversified Pan African investment holding company with business interests in South Africa and Ghana.

He is a director of MTN Group Limited, Vanguard Group Limited (Ghana), Tiso Blackstar Group SE (UK) and IQ Business Holdings.

Committee memberships: MNC MRC MRI

Pieter Uys 55

MSc (Engineering); MBA
Independent non-executive director
Appointed 30 August 2013

Director of major local and international companies and also serves on the Remgro Management Board. Pieter is a former CEO of Vodacom Group Limited.

Committee memberships: MIC MNC CRC CRI

Andrew Waller 55

CA(SA)
Executive director and CFO
Appointed 1 March 2011

Director of local and international subsidiaries. Andrew was previously a partner of Deloitte & Touche for 15 years during which time he was responsible for a number of South African listed companies. He has seven years’ service with the group.

Committee memberships: MEC MSE MRI

Sandile Zungu 51

BSc (Mechanical Engineering); MBA
Independent non-executive director
Appointed 15 December 2009

Executive chairman and founding member of Zungu Investments Proprietary Limited and previous chairman of EOH Holdings Limited.

Sandile serves on the Presidential Advisory Council on Black Economic Empowerment and was a member of the World Economic Forum in his capacity as Young Global Leader.

Board profile

  Independent
non-executive
directors
Executive
directors
  Board and
Executive
Committee
By race group and gender        
African female 7.14% 7.14%   14.28%
African male 28.58%   28.58%
Coloured male 7.14%   7.14%
Indian male 7.14%   7.14%
White male 21.43% 21.43%   42.86%
By age group        
30 to 50 years old 35.71% 7.14%   42.85%
>50 years old 35.71% 21.44%   57.15%

Board tenure

  Independent
non-executive
directors
Executive
directors
  Total
0 – 3 years 21.43% 7.14%   28.57%
4 – 9 years 35.71% 14.29%   50.00%
More than 9 years 14.29% 7.14%   21.43%

Attendance at meetings

  Board
A/B
Executive
committee1
A/B
Social and
ethics
committee
A/B
Audit
committee
A/B
Risk
committee
A/B
Investment
committee
A/B
Nomination
committee
A/B
Remuneration
committee
A/B
  Reason for
non-attendance
H Adams 4/4       2/2     1/1    
MR Faku 3/4                 Traveling
WD Geach 4/4     2/2            
G Gelink 3/4     2/2           Traveling
MJ Hankinson 4/4 4/4 2/2 2/2 2/2 4/4 3/3 5/5  
G Kotze* 4/4         2/2      
Z Malinga 4/4   1/1            
R Ndlovu* 4/4   2/2 2/2   2/2      
B Ntuli 4/4 7/8     2/2 1/1      
AK Olivier2 2/2 4/4 1/1 1/1 1/1 2/2 1/1 1/1  
DA Polkinghorne 4/4 7/8     2/2        
NL Sowazi^ 3/4       2/2   3/3 5/5 Traveling
PJ Uys 4/4     2/2 2/2 4/4 3/3 5/5  
MR Wade3 3/3 7/7     2/2        
AG Waller4 4/4 4/4 2/2 2/2 2/2 4/4      
SDM Zungu 2/4                 Traveling
A indicates the number of meetings which the director attended.
B indicates the number of meetings which the director could have attended.
* Alternate director.
^ Lead independent non-executive director.
1. Includes four Group SHERQ management committee meetings.
2. Retired as executive director and CEO on 31 July 2017.
3. Resigned as executive director on 1 November 2017.
4. Excluded from the group SHERQ management committee meetings as the executive chairman attends these. Attended no meetings by invitation.
RMB specialist advisors were invited to attend the August 2017 board meeting in support of the implementation of the business strategy.