GOVERNANCE > Board
Meets a minimum of three times a year, but met
four times in 2015/2016. It also convenes additional
meetings as necessary. In addition, the CEO and
CFO met with board members at least three times
a year outside of the formal board meetings. Board
packs are distributed prior to the meetings.
As at the reporting date, the board comprises seven non-executive directors, six of which are independent, and three executive directors. The chairman is an independent non-executive director.
The chairperson ensures the overall effectiveness of the board and its committees; that the board provides effective leadership, maintains ethical standards and is responsible, accountable, fair and transparent; and that strategies are developed and implemented with the objective of achieving sustainable economic, social and environmental performance.
To achieve this, he encourages constructive debate and discussion within the board through a culture of openness and constructive challenge. He makes himself available to shareholders for discussion on corporate governance matters and matters of concern.
Board members are accountable to shareholders and they owe a duty of care and diligence to the company. They act in the best interests of the company and its shareholders. To fulfil their role, board members participate in rigorous and constructive debate and discussion. The board is responsible for:
Independent Non-executive Chairman
Chairman of the nominations committee
Chairman of the social, ethics and transformation committee
Member of the remuneration committee
Appointed: March 2014
Grant is currently CEO of Gpam (Pty) Ltd, a private equity and venture capital business. He also sits on the boards of various private companies. Prior to establishing Gpam (Pty) Ltd in October 2014, he was with South African retailer Massmart Holdings Limited for 17 years, the last seven of which as CEO, during which time he led the sale of a majority stake in the company to US-based WalMart Stores Inc.
Grant graduated from the University of Cape Town in 1992 with a first class BSc Honours degree in Heavy Current Electrical Engineering.
Appointed: 1 February 2018
Neil is a veteran of 29 years experience in FMCG having worked across Europe, Latam, and Africa in various strategic and operational roles. He commenced his career with Unilever as a graduate trainee, moving through various marketing and sales positions before ending up as Laundry Category head for the Africa business group. During this period Neil was a member of the Global Laundry business team and worked extensively across Africa, Latam and Western Europe on various projects. He moved to Tiger Brands Ltd in 1999 as Marketing Director of the Tiger Brands confectionery interests (Beacon Sweets & Chocolates) and thereafter was appointed Managing Director in 2001.
Neils portfolio was further expanded to include Beverages, Dairy and Value Added meats, and he was subsequently appointed to the Tiger Brands executive committee in 2005 and then as an executive director to the Tiger Brands Ltd board in 2008. Neil was Chairman of Tiger Brands Cameroon, as well as serving as a non executive board member of Tiger Brands operations in Zimbabwe, Ethiopia, Kenya, and UAC of Nigeria. He also served as a board member of the Chilean food company, Empresas Carozzi for 8 years. His last role within Tiger Brands before resigning to pursue a career opportunity in the Management Consulting & Strategic advisory space, was Business Executive of Tiger Brands International, having executive responsibility for its operations in Cameroon, Ethiopia, Kenya, Zimbabwe, UAC Nigeria, as well as executive responsibility for Tiger Brands exports, Langeberg & Ashton (Deciduous fruit canning), as well as having SA domestic responsibility for its Home, Personal and Babycare businesses.
Appointed: 1 February 2018
Leo is the executive chairman of Sygma Investment & Consulting Proprietary Limited, a private investment company based in Cape Town with holdings in International brand distribution, retail, niche logistics and investments in marketable securities and treasury management.
Leo previously served as chairman and CEO of Snowball Wealth, a privately held investment company, which was sold to Conduit Capital Limited. Leo obtained a Bachelor of Commerce degree from the University of South Africa. He currently serves as a non-executive director of Conduit Capital Limited.
Appointed: 1 February 2018
Zukie was previously the Chief Executive Officer for Thebe Capital. She has previously held senior roles at Barclays and Old Mutual. She serves on a number of boards including Growthpoint Properties, African Phoenix Investments, Stangen. She previously served on the board of Shell SA, Safripol, Altech Netstar, Vodacom, Combined Motor Holdings, Compass Group, JLT Insurance, Thebe Unico and Thebe Energy. She has diverse professional experience in areas such as finance, mergers and acquisitions, corporate governance, strategy, restructuring, investment management, business development, sales and distribution.
Zukie is a chartered accountant (SA) and a Chartered Management Accountant (UK), who was ranked top student in South Africa on completion. She holds a Bachelor of Accountancy degree from Witwatersrand University and an MBA from the Gordon Institute of Business Science. She has completed Executive programs from Harvard, Insead and Oxford and won many industry awards.
Appointed: 1 February 2018
Adrian is a partner at Protea Asset Management LLC, a private investment advisor based in the United States. He has extensive experience in managing investment partnerships focused on controlling ownership stakes in both private and public companies and holds the President and Chief Financial Officer titles for Protea and, in this capacity, sources capital and investment opportunities, provides guidance to portfolio companies, evaluates and monitors investments, and is responsible for Protea’s financial, legal, regulatory, marketing and tax activities. Before joining Protea, Adrian was Chief Operating Officer and Chief Compliance Officer of Leonard Green & Partners, LP, a leading Los Angeles based private equity firm known for partnering with experienced management teams and founders to invest in market-leading companies, including in the restaurant, retail, luxury goods, and consumer services sectors. Prior to that, he was a partner at Redbird Capital Partners LLC, a New York City based private equity firm. Adrian also formerly held the positions of Chief Financial Officer and Chief Compliance Officer of ESL Investments, Inc., a value investment fund well-known for its investments in the retail sector, and he was the CEO and founder of Rand Group, LLC which provided a full spectrum of support and advisory services to investment partnerships. Adrian was Chief Financial Officer of Motherrock LP, an energy derivatives investment partnership. Prior to that, Adrian spent a decade with Deloitte & Touche LLP serving primarily the investment management and energy industries as a management consultant and member of Deloitte’s Financial Advisory Services, Corporate Finance, and Energy Trading Risk management practices. Adrian holds an MBA from Harvard Business School (2003), a bachelor of Business Administration degree with distinction in Accounting from the University of Nebraska (1996), and attended the University of Pretoria in 1992. Adrian is a Certified Public Accountant and currently serves as a non-executive director of Conduit Capital Limited, a JSE listed investment holding company.×
Bachelor of Commerce
Appointed: 10 October 2016
Tyrone is a co-founder and Chief Executive Officer of Midbrook Lane Proprietary Limited (“Midbrook”), a
private investment company and is Senior Advisor to Protea Asset Management LLC, an investment advisor
based in the United States. His career began at Sasfin Securities before leaving to start at Midbrook.
Tyrone obtained a Bachelor of Commerce degree from the University of Johannesburg. He currently serves as a non-executive director of Conduit Capital Limited and enX Group Limited. He is also a non-executive director of Constantia Insurance Company Limited, Constantia Life & Health Limited and Constantia Life Limited.
Chief Financial Officer
Member of the executive and investment committee
Member of the social, ethics and transformation committee
Appointed: September 2009
Evan qualified as a chartered accountant in 2001 after
completing his articles with PricewaterhouseCoopers. He
left PwC and spent seven years with the JSE-listed Spur
Group where he gained extensive experience within the food
franchising industry having been exposed to the financial,
operational and supply chain aspects of the business. He then
served as Financial Director within a logistics group of
Evan joined Taste Holdings in April 2009 and was appointed to the board in September 2009 as Chief Financial Officer. Evan acts in a non-executive capacity to the management boards of the Food and Luxury Goods Divisions and is a member of the executive committee.
Chief Excecutive Officer – Luxury Goods Division
Member of the executive committee
Appointed: November 2000
Duncan obtained his BCompt (Hons) while serving articles with Morrison Murray in Durban. Duncan gained valuable experience in a manufacturing and distribution environment servicing the retail and fastmoving consumer goods industry. Duncan progressed to Chief Financial Officer and shareholder of the group of companies. Duncan joined Scooters Pizza in 2000 and has been a member of the board of directors of Scooters Pizza since 2001 and Taste Holdings Limited since inception. Duncan was appointed Chief Operating Officer of NWJ Fine Jewellery in September 2009 and subsequently, Chief Executive Officer in April 2010. Following the acquisition of Arthur Kaplan in December 2014, Duncan was appointed Chief Executive Officer of the Taste Holdings Luxury Goods Division. Duncan was appointed to the board of the Jewellery Council’s of South Africa in April 2011 and has served on the Jewellery Council’s executive committee from February 2012 to 2014. Duncan has been instrumental in the successful management and control of the significant growth of the group over the past 16 years. Duncan is a member of the executive committee and chairs the Luxury Goods Division management committee.×