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JOHANNESBURG - AECI Limited (JSE:AFE) announced a series of changes to its board committee structure and leadership as part of efforts to strengthen corporate governance, according to a press release issued Monday.
The South African chemicals and explosives company has appointed Walter Dissinger as Lead Independent Director and added him to the Nominations, Governance and Directors' Affairs Committee.
In a significant restructuring of its board committees, AECI has combined its Audit Committee and Risk Committee to form a new Audit and Risk Committee, which will be chaired by Marna Roets. Other members include Walter Dissinger, Fikile De Buck, Patricia O'Brien, and Nombulelo Moholi.
The company has also merged its Social, Ethics and Sustainability Committee with the Environmental, Health and Safety Committee to create a new Social, Ethics and Safety Committee. Billy Mawasha will chair this committee, with Steve Dawson, Sam Coetzer, Fikile De Buck, and Patricia O'Brien serving as members.
Additionally, AECI has replaced its Investment, Innovation and Technology Committee with a new Strategy and Investment Committee. Steve Dawson will chair this committee, which includes Philisiwe Sibiya, Sam Coetzer, Walter Dissinger, July Ndlovu, and Nombulelo Moholi as members.
The company has also renamed its Remuneration and HR Committee to simply the Remuneration Committee, with Billy Mawasha joining as a new member.
All changes took effect Friday, November 7, 2025, according to the company statement.
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