JSE-listed aluminium products company Hulamin has appointed Linda Yanta as interim chairperson, with effect from July 6.
This follows the board's decision that Paul Baloyi cease to hold office as chairperson. He will, however, continue to serve as an independent nonexecutive director, the company says.
“The board has taken this decision within the scope of its fiduciary duties and duty of care and skill, having regard to the best interests of the company,” Hulamin notes in a statement to shareholders.
Additionally, owing to these changes, the board's committees have been reconstituted with effect from July 6.
Yanta steps down as the chairperson of the audit committee and will continue as a member, while Vusi Khumalo has been appointed interim chairperson of this committee.
