Edition:
India

Massmart Holdings Ltd (MSMJ.J)

MSMJ.J on Johannesburg Stock Exchange

6,450.00ZAc
19 Jul 2019
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Summary

Name Age Since Current Position

Kuseni Dlamini

51 2014 Independent Non-Executive Chairman of the Board

Guy Hayward

53 2014 Chief Executive Officer, Executive Director

Johannes van Lierop

52 2015 Chief Financial Officer, Executive Director

Doug Jones

46 2015 Divisional Chief Executive - Masswarehouse

Albert Voogd

54 2016 Divisional Chief Executive of Massdiscounters

Kevin Vyvyan-Day

54 2012 Divisional Chief Executive - Cambridge Food and Chairman of the General Merchandise Forum

Llewellyn Walters

55 2015 Divisional Chief Executive of Massbuild

Dhari Moodley

46 2017 Chief Ethics & Compliance Executive

Joseph Ralebepa

47 2016 Group Legal Executive, General Counsel and Company Secretary

Jane Bruyns

58 2015 Group Human Capital Executive

Gerhard Hayes

43 2015 Group Financial Services Executive

Richard Inskip

56 2017 Group Supply Chain & Logistics Executive

Brian Leroni

54 2007 Group Corporate Affairs Executive

Llewellyn Steeneveldt

50 2015 Group Commercial Executive

Phumzile Langeni

44 2019 Lead Independent Non-Executive Director

Susan Muigai

49 2017 Non-Independent Non-Executive Directors

Enrique Ostale

58 2016 Non-Independent Non-Executive Directors

John Suarez

54 2019 Non Independent Non-Executive Director

Nolulamo Gwagwa

59 2006 Independent Non-Executive Director

Olufunke Ighodaro

55 2018 Independent Non-Executive Director

Lindiwe Mthimunye-Bakoro

45 2019 Independent Non-Executive Director

Biographies

Name Description

Kuseni Dlamini

Mr. Kuseni Douglas Dlamini is Independent Non-Executive Chairman of the Board at the Company. He is the Chairman of JSE-listed Aspen Pharmacare Holdings Ltd, the leading pharmaceutical manufacturer in the southern hemisphere with operations in over 50 countries. He is the former Chief Executive Officer of Old Mutual South Africa and Emerging Markets. Prior to this he was the Head of Anglo American South Africa and a member of the Executive Committee of Anglo American plc. in London and was Director of Anglo Platinum Ltd. He is also the former Executive Chairman of Richards Bay Coal Terminal Company (RBCT) Ltd and a former Chairman of Anglo Operations (Pty) Ltd. As part of his career in mining he held a number of senior positions at Anglo Gold Ashanti and De Beers Consolidated Mines Ltd in South Africa and the United Kingdom. Kuseni is a graduate of the Universities of KwaZulu-Natal, Durban, and Oxford where he was a Rhodes Scholar. In March 2008, he was named a ‘Young Global Leader (YGL)’ by the World Economic Forum and, during the same month, Miningx selected him as one of the top 100 most influential people in South African mining. In June 2008, the Mail & Guardian named him as one of the top 200 young people worth taking to lunch and in the same year and month, The Economist referred to him as “A Rare Commodity’. In 2010, the World Economic Forum appointed him a member of the Global Agenda Council on Economic Growth and Poverty Alleviation. In 2011, he was appointed co-Chairman of the annual World Economic Forum (WEF) Africa Summit which brings together Heads of States, leading politicians and business leaders to debate the state of Africa in a changing world on an annual basis. Kuseni is active in professional bodies and charities which include the South African Institute of International Affairs (SAIIA), Common Purpose and the Advisory Board of GIBS Business School. He is also a member of the Council of the University of Pretoria and former Chairman of the Board of South African National Parks (SANParks).

Guy Hayward

Mr. Guy R. C. Hayward is no longer Chief Executive Officer, Executive Director of Massmart Holdings Limited.,effective December 2019. He graduated from the University of Cape Town in 1986 and, after serving articles with Deloitte Haskins & Sells, qualified as a Chartered Accountant in 1989. During the 1990s he held financial roles at Malbak and CNA Gallo in South Africa and at Goldman Sachs in London. He joined Massmart as Group Financial Executive in 2000, was appointed Chief Financial Officer in 2001 and Chief Operating Officer in May 2012, before becoming Chief Executive Officer in June 2014. Guy is also chairman of the Hilton College Endowment Foundation.

Johannes van Lierop

Mr. Johannes van Lierop is no longer Chief Financial Officer, Executive Director of the Company effective July 30, 2019. He graduated from the University of Amsterdam in 1997 as a Registered Accountant (RA or CA equivalent). After three years at the Dutch Development Agency, working in Cotonou Benin he spent over a decade at Diageo in various capacities in Nigeria, Jamaica, the UK, Hungary, The Netherlands and again in Nigeria where he was CFO, IT procurement director and a member of the board at Guinness Nigeria up to 2011. Since then, Johannes has been working in Nairobi, Kenya for Bharti Airtel Africa, one of the largest mobile operations in the world. After three years as Africa CFO he took on the role of Africa Programme Director, driving business development and business integration for the Africa region. Johannes was appointed as Massmart’s Chief Financial Officer on 12 March 2015.

Doug Jones

Mr. Doug Jones is an Divisional Chief Executive - Masswarehouse of Massmart Holdings Limited. He qualifying as a Chartered Accountant in 1998 Doug moved to Toronto, Canada with Deloitte. After spending a year with MarketLink Enterprises, an eCommerce consultancy, he joined Coca-Cola Enterprises in Toronto for a number of years before returning to South Africa to join ABI (The Soft Drink Division of SAB Limited). Doug joined Makro as Finance Director in 2007 and became Commercial Director in 2010. Doug was appointed Divisional Managing Director in September 2012, and joined the Massmart Executive Committee at the same time. He was appointed as Divisional CEO in April 2014, and was Chairman of the Massmart Pension and Provident Funds from 2009 until 2015.

Albert Voogd

Mr. Albert Voogd is Divisional Chief Executive of Massdiscounters of the Company. He is an experienced retail veteran across developed and emerging markets. He was with Ahold for more than 25 years, and has worked in Europe, the US and South America, across most retail functions, and in both Food and General Merchandise retail formats. For the past two years Albert worked as Chief Operating Officer at SHV Makro in South America. He joined Massmart in August 2016 as the Divisional CEO for Massdiscounters and joined the Massmart Executive Committee in the same year.

Kevin Vyvyan-Day

Mr. Kevin Vyvyan-Day is an Divisional Chief Executive - Masscash Retail of Massmart Holdings Limited. After qualifying as a Chartered Accountant in 1989, Kevin consulted at both the Strategy Group (Deloitte) and Gemini Consulting. Kevin joined UPD as Group Operations and Systems Director in 1995 and became Group Chief Executive Officer in 1996. Kevin joined Massmart as Divisional Chief Executive responsible for Makro and as a member of the Massmart Executive Committee in 2005. In September 2012, Kevin was appointed Divisional Chief Executive responsible for Cambridge Food.

Llewellyn Walters

Mr. Llewellyn Walters is an Divisional Chief Executive of Massbuild of Massmart Holdings Limited. He spent thirteen years in the banking industry where he held senior positions in a number of specialist financial institutions before joining ABSA. In June 2003, Llewellyn joined Super Group, a JSE-listed supply chain and logistics company where his last position was Divisional MD responsible for the group’s African operations. He joined Massmart in November 2008 as Divisional Chief Executive for Builders Warehouse, later becoming responsible for the whole division, and was appointed to the Massmart Executive Committee upon joining.

Dhari Moodley

Mr. Dhari Moodley is Chief Ethics & Compliance Executive of the Company. Dhari has expert experience and knowledge in governance, risk management, internal audit, forensics and ethics. He joined Massmart as an internal auditor in 1999 and held various leadership roles within audit including the Chief Audit Executive position. Dhari was appointed to Chief Ethics & Compliance Executive on 1 April 2017 and joined the Massmart executive committee in the same year.

Joseph Ralebepa

Mr. Joseph “Joe” Ralebepa is Group Legal Executive, General Counsel and Company Secretary of the Company. Joe is currently the Head of Legal & External Affairs for British American Tobacco (BAT) Southern Africa and is serving out his notice period with BAT upon tendering his resignation there recently. Joe holds a BA and LLB qualification and is an admitted attorney of the High Court of South Africa.

Jane Bruyns

Ms. Jane Bruyns is Group Human Capital Executive of the Company. Prior to joining Massmart, Jane worked for Masscash as HR Director from February 2006 until April 2015. Jane has 22 years’ experience as an HR Generalist in the Wholesale and Retail industry ranging from Recruitment, Learning & Development, Union Negotiations, Performance & Development Management, Corporate Social Responsibility and Ethics. Jane’s specialities include Coaching and Leadership Development and Organisational Ethics. Whilst at Henley Jane was awarded the prize for outstanding academic achievement for leadership effectiveness and the prize for outstanding academic achievement for managing people. Jane joined the Massmart Executive Committee in May 2015.

Gerhard Hayes

Mr. Gerhard Hayes is Group Financial Services Executive of the Company. He graduating from Stellenbosch, Gerhard joined the Shoprite Group in 1998 as a project manager for Financial & Value-Added Services. A few years later he completed his B.Comm (Hons) degree and was also promoted to General Manager of Financial & Value Added Services. While he was there he was also appointed as General Manager of the Shoprite Checkers Pharmaceutical Division where he established the Medi+Rite pharmaceutical chain. In 2007 he was also appointed CEO of Computicket. After successfully building and integrating Medirite pharmacies and Computicket into the Shoprite Checkers chain, Gerhard was appointed to the Shoprite Checkers board in 2009 as Director of Financial and Value-Added Services. Gerhard joined Massmart as the Group Financial Services Executive in November 2015.

Richard Inskip

Mr. Richard Inskip is Group Supply Chain & Logistics Executive of the Company. He graduating Richard worked for a number of companies during the 1980’s, including Edgars and SPL. Richard joined Woolworths in 1991. He was appointed to the board in 1998 and retired as the Director Operations and Financial Services (Group COO) in 2008 having served on the Holding company and multiple subsidiary boards. Richard served as the Chairman of the Wooltru Healthcare fund for 6 years as well as a trustee of the Pension fund. During this period he was a founding member of the Executive Committee of the Consumer Goods Council of SA and served on the external boards of Netactive and Business Recovery Services and attended a Strategic Management course at Harvard. After retiring from Woolworths, Richard spent some time developing and operating a game and hospitality ranch. He then co-founded Cafeine Retail Consulting which serves most of the large South African retail companies, as well as co-founding a food manufacturing company, Food by Staple. Richard served as a retail advisor to 8 Miles plc (pan African private equity fund) and served on the AVI board until he joined Massmart in January 2017.

Brian Leroni

Mr. Brian Leroni is Group Corporate Affairs Executive of Massmart Holdings Limited. Brian’s work experience includes executive positions at Masstores Proprietary Limited, an associate partner at Andersen Consulting (now Accenture) and Marketing Director at CNA. He joined Massmart as Group Projects Executive in September 2004 and was appointed Group Corporate Affairs Executive in September 2005. Brian joined the Massmart Executive Committee in July 2007.

Llewellyn Steeneveldt

Mr. Llewellyn Steeneveldt is an Group Commercial Executive of Massmart Holdings Limited. He graduated from the University of the Witwatersrand in 1991 as a Physical Metallurgist. After seven years with Tongaat-Hulett group and three years with the Industrial Development Corporation, Llewellyn joined Massmart as Business Analyst in 2002. He has since held various positions within the Group, including Executive Assistant to the CEO and Managing Director of Builders Express. Llewellyn was appointed Group Commercial Executive and joined the Massmart Executive Committee in July 2009.

Phumzile Langeni

Ms. Phumzile Langeni is an Lead Independent Non-Executive Director of Massmart Holdings Limited. She is the Executive Chairman of Afropulse Group Proprietary Limited, a women-led investment, investor relations and corporate advisory house. She is a stock broker by training and was previously the economic adviser to the Minister of Minerals and Energy. Phumzile is the non-executive chairman of Astrapak Limited, a non-executive director of Imperial Holdings Limited, the Mineworkers Investment Company Proprietary Limited, Primedia Proprietary Limited, Transaction Capital Proprietary Limited, Metrofile Holdings Limited and other unlisted companies.

Susan Muigai

Ms. Susan Muigai is Non-Independent Non-Executive Directors of the Company. Ms Muigai is currently the Executive Vice President, Human Resources at Walmart Canada, where she has previously held various senior roles during the last number of years. She has also held leadership roles in Risk Management and Internal Audit, along with completing global assignments while serving as senior vice president, general counsel and chief ethics officer in Walmart India, and vice president, International Real Estate in the U.S.

Enrique Ostale

Mr. Enrique Ostale is Non-Independent Non-Executive Director of the Company. He is vice president, president and CEO of Walmart Latin America, India and Africa as well as chairman of the board of directors of Walmart Mexico and Central America and a member of the Nomination and Remuneration Committees Commercial Engineering, Major in Business Administration (Adolfo Ibáñez University, Chile) and MSc in Accounting and Finance (London School of Economics (LSE)) Enrique Ostalé assumed his expanded role in February 2016 after serving as president and CEO of Walmart Mexico, Central America and Latin America. From 2006 to February 2013, Enrique served as president and CEO of Walmart Chile. His experience in this latter post included his leadership of the successful transition of the D&S chain, acquired by Walmart Stores Inc. in 2009, into today’s Walmart Chile. Part of his work involved imprinting the seal of Walmart’s corporate culture on the organization, adopting along with his team the mission of “helping people save money so they can live better” and incorporating the promotion of sustainability as one of the operational pillars of the business. Ostalé joined D&S in 1989, serving initially as manager of its financial division, then of its merchandising division and subsequently as manager of its Lider format before becoming its CFO. In 2000, he left the company to take up a position as CEO of Emol, the online service of the El Mercurio newspaper. Between 2002 and 2006, he was dean of the Business School of the Adolfo Ibáñez University before returning to D&S as its general manager, president and CEO.

John Suarez

Mr. John Peter Suarez is Non Independent Non-Executive Director of Massmart Holdings Limited. He is the Senior Vice President of Realty Design, Construction, and Strategy for Walmart US. JP is responsible for leading Walmart’s development activities for US stores including Supercenters, Neighborhood Markets and test formats along with designing new prototypes. Prior to his current role, JP was responsible for Business Development in Walmart’s International Division and looked after merger and acquisition activities and international real estate, and global format development efforts. Prior to that, JP was Senior Vice President and General Counsel for Walmart International. He joined the company in 2004 as Vice President and General Counsel for Sam’s Club. JP also serves as a board member on the University Of Pennsylvania Law School Board Of Overseers. His previous experience includes serving as the United States’ EPA Assistant Administrator for Enforcement and Compliance, acting as a federal and state prosecutor, and working as Chief Enforcement Officer over New Jersey’s gaming industry.

Nolulamo Gwagwa

Dr. Nolulamo Nobambiswano Gwagwa, Ph.D. is Independent Non-Executive Director of Massmart Holdings Limited. She is Chief Executive Officer of Lereko Investment Proprietary Limited. She was Deputy Director General in the National Department of Public Works, responsible for establishing the national public works programme, and completed a five-year term as the CEO of the Independent Development Trust. She has served on various Government commissions, and is currently a non-executive director of FirstRand Limited, Aurecon and Sun International Limited.

Olufunke Ighodaro

Ms. Olufunke (Funke) Ighodaro is Independent Non-Executive Director of the Company. Ms. Ighodaro’s accomplishments as a seasoned corporate executive have seen her play a vital and strategic role in a number of corporates, where she served and continues to serve in various governance structures. She currently serves as independent non-executive director and audit committee member of Datatec Limited, independent non-executive director of the Institute of Chartered Accountants in England and Wales Members’ Advisory Board for Africa, independent non-executive director and chairperson of the audit committee at Transaction Capital Limited and interim executive director and Chief Financial Officer of Emerging Markets Telecommunications Services Limited, (formerly Etisalat Nigeria, now trading as 9mobile). Previously, Ms. Ighodaro held various senior executive roles, including as Chief Financial Officer of Tiger Brands Limited until 2016, Chief Financial Officer of Primedia Limited until 2011 and executive director of Kagiso Trust Investments and managing director of its private equity business until 2001. Ms. Ighodaro holds the degree B.Sc (Hons) from Salford University and is a Fellow of the Institute of Chartered Accountants in England and Wales.

Lindiwe Mthimunye-Bakoro

Ms. Lindiwe E. Mthimunye-Bakoro is Independent Non-Executive Director of the Company. Ms. Mthimunye brings to the Board a wealth of: accounting, operational management, investment banking, FMCG, retail and commercial real estate experience. She has previously held a variety of senior and executive leadership roles, including Group Chief Financial Officer of Petro SA and is currently the Managing Director of Petroleum Investments Partners. Ms. Mthimunye is also a seasoned and experienced non-executive director, having held board roles in listed and non-listed entities in a number of sectors including in: retail, FMCG, construction, automotive and financial services. She currently serves on the boards and committees of large corporates, including Pioneer Foods Limited, Torre Industries Limited, Metrofile Limited and Sabvest Limited. Ms. Mthimunye is a qualified chartered accountant of South Africa, CA (SA) and holds the following qualifications: B.Com (UCT); PG. Diploma in Accounting (UCT); PG. Diploma in Tax Law (Wits); and M.Com (UCT).