Massmart Annual Report 2008

Directorate

Grant Pattison   Guy Hayward

Grant Pattison (37)
BSc (Eng) (Hons) (UCT)

Chief Executive Officer, member of the Sustainability, and Strategy and Investment Committees.

Appointed 7 December 2004.
Grant graduated from the University of Cape Town as an electrical engineer. After four years with the Anglo American group and two years consulting with The Monitor Group, Grant joined Massmart as Executive Assistant to the Executive Chairman in 1998. He has since held various positions within the Group, including Managing Director of Massdiscounters and Masscash. He joined the Executive Committee in 2000 and the Board in 2004, becoming Deputy Chief Executive Officer in 2005, Chief Executive Officer Designate in 2006 and Chief Executive Officer on 1 July 2007.

 

Guy Hayward (43)
BCom, CTA (UCT), CA(SA)

Chief Financial Officer, member of the Risk, and Strategy and Investment Committees.

Appointed 15 May 2001.
Guy graduated from the University of Cape Town in 1986 and qualified as a chartered accountant after serving articles with Deloitte Haskins & Sells in 1989. He has held senior financial roles at Malbak, CNA Gallo and investment bank, Goldman Sachs, in London. He joined Massmart as Group Financial Executive in 2000 and was appointed Chief Financial Officer in 2001. Guy is also a Governor of Hilton College.

Non-executive Directors

Mark J Lamberti   Chris Seabrooke

Mark J Lamberti (58)
BCom, MBA (Wits), PPL (Harvard)

Chairman of the Board, member of the Remuneration and Nominations Committee and Chairman of the Strategy and Investment Committee.

Appointed 1 August 1988.
Following progress through a multi-functional retail career that began in 1975, Mark was appointed Managing Director of the ailing six-store Makro chain in 1988. After successful repositioning of the chain, he founded Massmart in 1990 to pursue an aggressive growth strategy in high volume, low gross margin, low expense retailing and wholesaling.

In 1996, he was appointed Executive Chairman of Massmart and from July 2003 CEO and Deputy Chairman of the Board. At the end of June 2007 he relinquished his executive role to become non-executive Chairman. His role as architect and leader of Massmart has been widely recognised with numerous awards including that of the Ernst & Young South African Entrepreneur of the Year in 2001.

Mark currently serves as Executive Chairman of Transaction Capital (Pty) Ltd, Chairman of Business Against Crime South Africa, and a director of Business Leadership South Africa.

His commitment to education has led to his involvement as a benefactor, director or adviser to a number of educational institutions, including the Wits Business School where he is an Honorary Professor and Chairman of the Advisory Board.

 

Chris Seabrooke (55)
BCom, BAcc, MBA, FCMA

Deputy Chairman of the Board and Lead Independent Director, member of the Remuneration and Nominations, Audit, and Strategy and Investment Committees.

Appointed 1 February 2000
Chris has, over the years, been a director of over 20 JSE-listed companies. He is currently CEO of Sabvest Limited, Chairman of Metrofile Holdings Limited and Set Point Technology Holdings Limited, and a director of Datatec Limited. He is also a director of Net1 UEPS Technologies Inc, listed on Nasdaq in the USA. He is Chairman of Alternative Equity Partners Fund and a director of a number of unlisted companies including Primedia Holdings 1 (Pty) Ltd and Mineworkers Investment Company (Pty) Ltd. He is former Chairman of the South African State Theatre and former Deputy Chairman of both the inaugural National Arts Council and the founding board of Business & Arts South Africa.

     
Zitulele (‘KK’) Combi   Dods Brand

Zitulele (‘KK’) Combi (56)

Chairman of the Sustainability Committee.

Appointed 25 February 2003.
KK is currently the non-executive Chairman of Master Currency (Pty) Ltd, the executive Chairman of Thembeka Capital (Pty) Ltd, and a director of VAT Refund Administrators (Pty) Ltd, ABSA Advisory Board (Western Cape), Master Coin Limited, PSG Group, KLK Landbou Beperk, Iquad Group Limited, GRW Engineering (Pty) Ltd, Precrete-Nozala (Pty) Ltd, Vital Merchandising Services Holdings (Pty) Ltd and Combi and Co (Pty) Ltd. He is a member of the SA Institute of Directors, World Entrepreneur Academy, and World CEO Organisation. He has received numerous business and entrepreneurship awards in his career.

 

Dods Brand (65)

Member of the Risk and Sustainability Committees.

Appointed 25 February 2003.
Dods was a career retailer from 1963 until his retirement in 1998 as Chief Executive of JSE-listed Moregro (Morkels Retail Group). He is Chairman and major shareholder of POSSE Consulting. He has served on the boards of a number of local and international listed entities and is currently an independent non-executive director of Avusa Limited and other private companies.

     
James (‘Jim’) Hodkinson   Phumzile Langeni

James (‘Jim’) Hodkinson (64)

Member of the Strategy and Investment Committee.

Appointed 25 August 2004.
During his long retail career, Jim was both Chairman and Chief Executive of B&Q plc, a subsidiary of Kingfisher plc. As Chief Executive of New Look plc, he transformed a family business to a public company with a multinational footprint. Currently, he is Chairman of Ultimate Products Limited and Furniture Village, both UK-based companies.

 

Phumzile Langeni (34)
BCom (Natal)

Member of the Sustainability and Audit Committees.

Appointed 25 August 2004.
Phumzile is Executive Chairperson of Afropulse Group (Pty) Ltd, a women-led investment and corporate finance house. She is currently the economic adviser to the Minister of Minerals and Energy. She was previously an executive director of dual-listed junior platinum miner, Anooraq Resources RSA (Pty) Ltd. Phumzile is a non-executive director of Imperial Holdings Ltd, Peermont Global (Pty) Ltd, the Mineworkers Investment Company (Pty) Ltd and the Port Regulator.

     
Peter Maw   Kuseni Dlamini

Peter Maw (47)
BCom (Hons), CA(SA), HDip Tax Law

Member of the Audit, Risk, and Strategy and Investment Committees.

Appointed 25 February 2003.
Peter is a specialist in private equity and corporate finance and heads the private equity interests of the Oppenheimer family in South Africa. He was a founder of Primedia Limited and executive director from 1992 to 2003, responsible for all corporate finance activities. Peter remains a non-executive director and member of the Audit Committee of Primedia.

 

Kuseni Dlamini (40)
BA (Hons)(KZN), MPhil (Oxon)

Chairman of the Remuneration and Nominations Committee.

Appointed 1 November 2006.
Kuseni Dlamini is the head of Anglo American South Africa and a member of the Executive Committee of Anglo American plc. He was Executive Chairman of Richards Bay Coal Terminal (RBCT) between 2005 and 2008. Kuseni previously worked for De Beers in South Africa and at its London office, and for AngloGold Ashanti’s corporate office in Johannesburg.

After graduating cum laude with a BA (Honours) degree from Natal University in Durban, he went to Oxford as a Rhodes scholar, where he read for his MPhil degree. In March 2008, Kuseni was named a Young Global Leader by the World Economic Forum (WEF). During the same month, Miningx selected him as one of the top 100 most influential people in South African mining. In June 2008, South Africa’s Mail & Guardian newspaper selected Kuseni as one of South Africa’s top 200 young people you must take to lunch.

     
Nigel Matthews   Dawn Mokhobo

Nigel Matthews (63)
MA (Oxon), MBA (UCT)

Chairman of the Audit and Risk Committees, member of the Remuneration and Nominations Committee.

Appointed 1 November 2001.
During his career in the South African hotel and tourism industry, Nigel has served as Managing Director of Holiday Inn and executive Director of Rennies. He founded his own business, Sentry Group, which was sold to an international group in 2001. He is a non-executive director of City Lodge Hotels Limited, Sun International Limited and Metrofile Holdings Limited, and non-executive Chairman of The Fuel Logistics Group (Pty) Ltd, a privately owned logistics company.

 

Dawn Mokhobo (59)
BA (Social Science)

Member of the Sustainability Committee.

Appointed 1 June 2002.
Dawn is a director of several companies, including Engen Limited, Nozala Holdings (Pty) Ltd and Sabvest Limited. She is also a director of the Financial Services Board Foundation Trust. She chairs African International Advisors, the Ombudsman’s Council for Long-term Insurance, and is Deputy Executive Chairperson of Partnership Investments (Pty) Ltd.

     
Dr Nolulamo (‘Lulu’) Gwagwa   Michael Rubin

Dr Nolulamo (‘Lulu’) Gwagwa (49)
MSc (KZN), MSc (LSE), PhD (UCL)

Member of the Risk Committee.

Appointed 1 November 2006.
Lulu is Chief Operating Officer of Lereko Investments (Pty) Ltd. 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 a non-executive director of FirstRand Limited, the Development Bank of Southern Africa and Sun International Limited.

 

Michael Rubin (58)
BSc, MBA (UCT), MBA (Columbia)

Member of the Sustainability Committee.

Appointed 30 August 1990.
Michael worked as a specialised retail consultant in New York and Toronto for nine years and joined Massmart as Development Director in 1989. He left the Group in 1997 to pursue his interests in private equity management and property development.