PPC CFO TO STEP DOWN

PPC CFO Tryphosa Ramano will
leave Africa’s largest cement maker, weeks after new CEO Roland van Wijnen
takes over.  

PPC said on Thursday that Ramano,
who has been with the company for eight years, will leave at the end of
October.

It said the company’s board and
Ramano had mutually agreed to separate. She would also step down as a member of
the board.

“Ramano has indicated she is
stepping down to pursue personal interests,” the company said, adding that
Ramano, a chartered accountant, had played a major role in the company’s
strategy to grow outside SA.  

“Ramano played a leadership role
in [the rest of Africa] governance, representing PPC on the boards of PPC group
companies in Ethiopia, Rwanda, Zimbabwe and the Democratic Republic of the
Congo (DRC),” it said.  

PPC said Ronel van Dijk had been
appointed as interim CFO with effect from November 1 until the appointment of a
permanent CFO.

At 4.38pm, PPC shares were up 6.15% at R3.80.https://www.businesslive.co.za/bd/companies/industrials/2019-10-10-ppc-cfo-to-step-down/