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Kuseni Dlamini appointed non-executive chairman of Massmart

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Johannesburg – Massmart-Walmart today announced that Mr Kuseni Dlamini has been appointed as the independent Non-Executive Chairman of the Board of Massmart. Mr Dlamini takes over from Mark Lamberti with effect from 10 April 2014, who was recently appointed CEO of Imperial Holdings Limited.

Mr Dlamini brings significant corporate leadership experience to Massmart, having held a number of senior leadership roles across a wide range of businesses.

Massmart is not new to Mr Dlamini, who was a non-executive Director of the company from November 2006 until he stepped down in June 2011.

Mr Dlamini is pleased to take on this new role: “I have always admired Massmart and I am excited by the company’s future as part of Walmart International. I look forward to my renewed involvement and to working with the rest of the Board to deliver value for all stakeholders.”

David Cheesewright, Walmart International CEO, said: “Kuseni Dlamini is an outstanding business leader with deep experience in emerging markets and a global perspective on management and growth.  Massmart has previously benefitted from Kuseni’s input as a member of the Board, and we are now looking forward to his leadership as Chairman.”

-Ends-

For queries contact

Brian Leroni – Group Corporate Affairs Executive

+2711 517 0052

 

Issued by Brunswick South Africa on behalf of Massmart-Walmart:

Cecilia de Almeida +27 11 502 7300 / +27 83 325 9169

Gordon Kgaugelo Letsoalo +2711 502 7300 / +27 79 510 6127

 

Notes to Editors

In line with good governance, Mr Dlamini will stand for re-election at the Annual General Meeting in May.

Kuseni Dlamini – BA (Hon (Cum laude) (Natal) MPhil (Oxford)

Mr Dlamini served as CEO of Old Mutual South Africa and Emerging Markets. He also served as the Head of Anglo American South Africa as well as a member of the Anglo American plc. executive committee. Mr Dlamini was also executive Chairman of Richards Bay Coal Terminal (RBCT), a non-executive Director of the National Business Initiative (NBI), a non-executive Director of Anglo Platinum and Chairman of Old Mutual Africa Holdings.  He is currently an independent non-executive Director of Aspen Pharmacare and the independent non-executive Chairman of Times Media Group.  Kuseni is also active in non-profit organisations and is a member of the Council of the University of Pretoria, National Council of the South African Institute of International Affairs and Chairman of South African National Parks (SANParks).

About Massmart

Massmart is a managed portfolio of four divisions, each focused on high-volume, low-margin, low-cost distribution of mainly branded consumer goods for cash, in 12 countries in sub-Saharan Africa comprising 376 stores.

The Group is the second largest distributor of consumer goods in Africa, the leading retailer of general merchandise, liquor and home improvement equipment and supplies, and the leading wholesaler of basic foods.

www.massmart.co.za

 

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