PPC appoints Darryll Castle as CEO - CNBC Africa

PPC appoints Darryll Castle as CEO

Southern Africa

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PPC says that Castle's appointment is effective from 12 January 2015. PHOTO: In Detail

The cement maker further emphasised the fact that Castle has accumulated a broad range of experience and skills spanning the fields of corporate management, fund management, financial analysis, mining and engineering.

“Darryll has extensive experience in the mining industry having served as chief executive officer of Trafigura Mining Group and Anvil Mining Limited. He has recently occupied the position of chief operations officer at Metorex Group Limited,” PPC said.

(READ MORE: PPC to reconstitute board, shareholders meeting cancelled)

“Darryll has first-hand operations and projects experience on the African continent, having worked in the DRC, Zambia, Angola and Tanzania.”

The company also stated that Castle, whose appointment is effective from 12 January 2015, has extensive international experience, having run mining companies with operations on several continents.

[DATA PPC:PPC] executive chairman, Bheki Sibiya, said, “Darryll’s extensive experience and knowledge as well as deep relationships on the continent and in other emerging markets will add further impetus to PPC’s growth strategy.”

“We welcome him to the board in an executive capacity and look forward to working with him in delivering on the company’s mandate from shareholders,” he added.

(READ MORE: PPC receives merger proposal from AfriSam)

The company recently announced that it had received a non-binding proposal from the AfriSam group regarding a merger between it and AfriSam.

“The board is considering the indicative proposal and will make a further announcement in due course once it has concluded its consideration of the indicative proposal,” PPC said at the time.