TIDM87FZ 
 
AECI LIMITED 
Incorporated in the Republic of South Africa 
(Registration number: 1924/002590/06) 
Share code: AFE ISIN: ZAE000000220 
Hybrid code: AFEP ISIN: ZAE000000238 
Bond company code: AECI 
LEI: 3789008641F1D3D90E85 
(AECI or the Company or the Group) 
 
APPOINTMENT OF CHIEF FINANCIAL OFFICER (CFO) AND EXECUTIVE DIRECTOR 
 
Further to the announcement released on SENS on 26 April 2023 and in accordance 
with paragraphs 3.59(a) and 6.39(a) of the JSE Limited Listings Requirements and 
Debt Listings Requirements, respectively, the Board of directors of AECI ("the 
Board") wish to advise shareholders and noteholders that after an extensive 
search and selection process, Ms Rochelle Gabriels has been appointed as the 
AECI Group CFO and Group Board Executive Director, effective 29 September 2023. 
In addition to these roles, her extended portfolio will include Mergers and 
Acquisitions, Information Technology, Enterprise Risk Management, and Strategic 
Projects. 
 
Rochelle Gabriels has over 15 years of senior finance experience and has held 
various executive roles, including CFO positions at multinational companies. She 
joins AECI from Imperial (a DP World Company), where she has served as the DP 
World Sub-Saharan Africa Head of Finance Logistics and Shared Services. She 
brings a depth of leadership experience and skills in navigating complex 
operating environments as well as driving finance transformation. 
 
Dr Khotso Mokhele, AECI Board Chairman said, "On behalf of the Board, I am 
excited to welcome Rochelle to the Group and we are confident that AECI will 
benefit from her strong leadership and deep financial experience. Rochelle's 
appointment further strengthens the Board in terms of skills and diversity, 
positioning AECI for even greater success in the future." 
 
Mr Holger Riemensperger, AECI Chief Executive Officer, notes: "We are proud to 
appoint Rochelle, who brings a rich skill set and experience that will enable 
her to make a significant contribution to both the Group and the Executive 
Team." 
 
Mr Rafael Fernandes has served as the Acting Group CFO since April 2023. The 
Board is grateful for his commitment and leadership of the Group's finance 
function during this period. Rafael will resume his duties as Financial Director 
of AECI Mining following the completion of the handover period to the incoming 
Group CFO. 
 
The Group confirms that this appointment was made in accordance with AECI's 
Board Nomination, Composition and Diversity policy. 
 
Woodmead, Sandton 
 
2 October 2023 
 
Equity and Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank 
Limited) 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END

(END) Dow Jones Newswires

October 02, 2023 11:00 ET (15:00 GMT)

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