Edition:
India

Coronation Fund Managers Ltd (CMLJ.J)

CMLJ.J on Johannesburg Stock Exchange

4,579.00ZAc
14 Jun 2019
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Summary

Name Age Since Current Position

Shams Pather

68 2009 Non-Executive Independent Chairman of the Board

Anton Pillay

48 2013 Chief Executive Officer, Executive Director

Mary-Anne Musekiwa

2019 Chief Financial Officer, Finance Director, Director

Lee-Anne Parenzee

2012 Company Secretary

Alexandra Watson

62 2017 Lead Non-Executive Independent Director

Lulama Boyce

39 2014 Non-Executive Independent Director

Judith February

47 2008 Non-Executive Independent Director

John McKenzie

71 2009 Non-Executive Independent Director

Hugo Nelson

48 2016 Non-Executive Independent Director

Madichaba Nhlumayo

2019 Independent Non-Executive Director

Biographies

Name Description

Shams Pather

Mr. Shams Pather, BBusSc, BCom (Hons), MBA, serves as Non-Executive Independent Chairman of the Board of the Company. He was appointed to the Board in 2005 and to the position of Chairman in March 2009. He has more than 30 years’ experience in the asset management industry. From 1974 to 2003, he worked at Norwich Union, Colonial Mutual Life Assurance, Southern Life and Real Africa Asset Management. His directorships include Oceana Group Ltd, Lungisa Industrial (Pty) Ltd, Lungisa Technologies (Pty) Ltd, Lungisa Investment Holdings (Pty) Ltd, Centre for Proteomics and Genomics Research and Kagiso Tiso Holdings (Pty) Ltd.

Anton Pillay

Mr. Anton Pillay BBusSc, CA(SA), CFA, AMP (Harvard), serves as Chief Executive Officer, Executive Director of the Company. He was appointed Chief Executive Officer of Coronation Fund Managers in February 2013 and has been a member of the Board since June 2009. He joined Coronation in January 2006 from BoE (Pty) Ltd, where he held a number of key positions and directorships. Anton has extensive knowledge and experience of the investment and banking industry. He is a director of various Coronation subsidiaries, and also serves as chairperson of Namibia Asset Management and on the board of PPS Investments. Anton is a member of ASISA.

Mary-Anne Musekiwa

Ms. Mary-Anne Musekiwa is Chief Financial Officer, Finance Director, Director of the Company. Mary-Anne has been fulfilling the role of Deputy Chief Financial Officer since December 2018. Prior to joining the Company, Mary-Anne was Chief Financial Officer of projects at DirectAxis, a subsidiary of the FirstRand Group, where she provided strategic and financial input to various projects within the respective business units. Prior to that, she held roles in the fields of finance, tax, and accounting policy governance at financial institutions.

Lee-Anne Parenzee

Ms. Lee-Anne Jill Parenzee is no longer Company Secretary of the Company, effective June 30, 2019. Ms Lee-Anne Parenzee was appointed as Company Secretary by the Board in accordance with the Companies Act with effect from 8 November 2012. In accordance with the JSE Listings Requirements, a detailed assessment was conducted by the Board to consider and satisfy itself as to Ms Parenzee’s competence, qualifications and experience. The Board agreed that all the requirements had been met, was satisfied with her performance and is confident in her ability to meet the responsibilities of the position. She does not serve as a director of the Board and the assessment confirmed her arm’s-length relationship with the Board.

Alexandra Watson

Prof. Alexandra Watson, BCom (Hons), CA(SA), serves as Lead Non-Executive Independent Director of the Company. She is an emeritus professor of the University of Cape Town, having retired earlier this year after decades of teaching postgraduate financial reporting. She is a former chairman of the accounting practices committee, the technical accounting committee of the South African Institute of Chartered Accountants, and is a member of the Financial Reporting Investigations Panel (an advisory panel of financial reporting experts formed by a joint venture of the JSE and SAICA). In April 2018, Alexandra was appointed as an independent director of Steinhoff International Holdings N.V. She is the vicechairman of the board of the Global Reporting Initiative, an Amsterdam-based organisation promoting understanding and communication of sustainability issues and in November 2018 was appointed to the board of WWF-SA.

Lulama Boyce

Ms. Lulama Boyce serves as Non-Executive Independent Director of the Company. She is the head of department of commercial accounting at the University of Johannesburg. She is also a member of the board of Adcock Ingram Holdings. She graduated from the University of Cape Town in 2002 and served her articles at Grant Thornton Johannesburg. She is a former account manager of the Industrial Development Corporation (IDC) and was part of the transport and financial services business unit from 2008 to 2011. She is a former project finance consultant and served on the audit committee of Automotive Supplier Park (ASP) from 2007 to 2009. Lulama was appointed to the Board in October 2014 and is an independent non-executive director of Coronation Management Company (RF) (Pty) Ltd and Coronation Life Assurance Company Ltd.

Judith February

Ms. Judith Gail February, BA (Law), LLB, LLM, serves as Non-Executive Independent Director of the Company. She is a senior research associate at the Institute for Security Studies and a Visiting Fellow at the Wits School of Governance. Prior to that, Judith headed up IDASA’s South African governance programme. She practised law in Cape Town until 2000 and holds an LLM in Commercial Law. Judith also is a Conflict Dynamics accredited commercial mediator. She is a regular media analyst on South African politics and writes columns for Eyewitness News, Daily Maverick and Media24. She is the author of ‘Turning and Turning: exploring the complexities of South Africa’s democracy’, published by PanMacMillan in August 2018. Judith also chairs the Springfield Convent School board of governors. She was appointed to the Board in August 2008.

John McKenzie

Mr. John David McKenzie, BSc (ChemEng), MA (Lancaster), serves as Non-Executive Independent Director of the Company. He is a member of the boards of Sappi and Capitec and Zululand Distilling Company (Pty) Ltd. He chairs the board of trustees of the UCT Foundation, the Carleton Lloyd Educational Trust and the Rondebosch Boys’ Schools Education Trust. Jock held several senior executive positions globally and in South Africa. In 1999, he was appointed chairman and chief executive officer of the Caltex Corporation, and served as president for Asia, Middle East and Africa Products of the Chevron Texaco Corporation from October 2001 to January 2004. Jock was appointed to the Board in May 2009.

Hugo Nelson

Dr. Hugo Nelson, MBChB, MBA (Oxon), CFA, serves as Non-Executive Independent Director of Coronation Fund Managers Ltd. He is founding partner of Fortitudine Vincimus Capital Advisors (Pty) Ltd. He is former CEO of Coronation Fund Managers, prior to which he was a member of the investment team of the business for eight years. Hugo is a medical doctor who found his way into investment management via an MBA completed at Oxford University. He is a CFA charterholder. Hugo is a trustee of the DG Murray Trust, member of the Steinhoff NV supervisory board and a patron of George Whitfield College. Hugo was appointed to the Board in November 2016.

Madichaba Nhlumayo

Ms. Madichaba Nhlumayo is Independent Non-Executive Director of the Company. Madichaba is an Executive Director at Pan-African Holdings Capital (Pty) Ltd, prior to which she was a principal at Trinitas Private Equity Fund and transactor at RMB Ventures. Madichaba has been serving as an Independent Non-Executive Director on the boards of Coronation Life Assurance Company (Pty) Ltd and Coronation Management Company (RF) (Pty) Ltd since 1 August 2015.

Basic Compensation

Name Fiscal Year Total

Shams Pather

1,019,000

Anton Pillay

11,418,000

Mary-Anne Musekiwa

--

Lee-Anne Parenzee

--

Alexandra Watson

825,000

Lulama Boyce

542,000

Judith February

678,000

John McKenzie

831,000

Hugo Nelson

792,000

Madichaba Nhlumayo

--
As Of  30 Sep 2018