M&R appoints another interim chairperson
JSE-listed engineering and contracting group Murray & Roberts (M&R) has appointed Alex Maditsi interim chairperson, effective immediately.
This follows the resignation of Clifford Raphiri on January 10.
Raphiri had been appointed interim chairperson in November, following the resignation of then chairperson Suresh Kana.
Kana’s resignation, as well as those of directors Jesmane Boggenpoel and Alexandra Muller in November and December, respectively, followed an announcement by M&R that its M&R Limited division and the division’s subsidiary OptiPower had been placed in business rescue amid liquidity constraints.
Maditsi joined M&R’s board in August 2017 as an independent nonexecutive director. He has also been part of the group’s remuneration and human resources committee, as well as the health, safety and environment, and social and ethics committees.
He is also the MD of Copper Moon trading and a former director of Coca-Cola Southern and East Africa.
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