Further to the announcement on 6 August 2018 that Peter Staude will retire as chief executive officer (CEO) with effect from 31 October 2018, it was announced that Sydney Mtsambiwa has been appointed as the interim CEO with effect from 1 November 2018.
Mtsambiwa will serve as the interim CEO until the board has finalised the appointment of Staude’s permanent successor and will carry the full responsibilities and authority of the position of CEO, participate in and report to the board.
Mtsambiwa currently oversees Tongaat Hulett’s sugar operations in Zimbabwe and has been the CEO of Hippo Valley Estates Limited since June 1999. He has many years of leadership experience within Tongaat Hulett. This announcement is issued in accordance with paragraph 3.59 of the JSE Listings Requirements. – Press release