Try our mobile app
Grindrod Limited (JSE:GND) News - Appointment of Grindrod Chief Executive
GRINDROD LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1966/009846/06)
JSE Code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
(“Grindrod”)
APPOINTMENT OF GRINDROD CHIEF EXECUTIVE
The Board of Directors (“Board”) of Grindrod is pleased to announce the appointment of Xolani
Mbambo to succeed Andrew Waller as Grindrod’s Chief Executive with effect from 1 January 2023.
Xolani is currently an Executive Director of Grindrod and its various subsidiaries, joint ventures and
associate businesses. He leads Grindrod’s Freight Services division as its Chief Executive and has
been with the Grindrod group in different leadership roles since March 2013.
Before joining Grindrod, Xolani spent 12 years of his career in the mining sector working for Anglo
American across various roles in finance, procurement, business and dry-bulk commodity
performance analysis and greenfield project implementation, in its offices and operations in South
Africa, Botswana and the UK. He holds a chartered accountancy qualification and completed the
Advanced Management Programme from Harvard Business School.
Andrew Waller advised the Board in June 2021 of his intention to retire in 2022. He will remain in his
role as Chief Executive until 31 December 2022 to facilitate a smooth transition to Xolani.
Commenting on the appointment of Xolani, the Chair of the Board, Cheryl Carolus: “The Board is
excited to have Xolani lead Grindrod in its quest to deliver an efficient and cost-effective logistics
solution for its customers’ cargo flow, whilst touching the lives of the communities in which we
operate.”
22 July 2022
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 22-07-2022 08:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
