News/ Article


Appointment of a Non-executive Director

Tuesday, 29 April 2014


Incorporated in the Republic of South Africa

(Registration No. 1924/002590/06)

“AECI” or “the Company”
Share code:  AFE     ISIN No. ZAE000000220


AECI is pleased to announce the appointment of Mr Recht Louis (“Tak”) Hiemstra as Non-executive Director of the Company.

Mr Hiemstra was an Executive Director of Imperial Holdings from 1995 to 2012, responsible for portfolios including M&A activity and investor relations.  He held several Board positions in the Imperial Group, including CEO of Imperial Bank from 2000 to 2004.  Mr Hiemstra retired from full-time employment at Imperial in 2012, remaining on that Board as a Non-executive Director. 

During his tenure at Imperial he also served as a Director of Kagiso Media Limited for eight years.

He is currently Chairman of Distribution and Warehousing Network Limited.

Mr Hiemstra’s appointment to the AECI Board is effective from 1 May 2014.

Woodmead, Sandton
29 April 2014

Sponsor:  Rand Merchant Bank (A division of FirstRand Bank Limited)


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