Sipho Pityana to be Redefine Properties' new chairperson
In line with its stated intention of strengthening
governance, broadening diversity and improving board independence, JSE
listed diversified Real Estate Investment Trust (REIT) Redefine
Properties (JSE: RDF) has appointed Sipho Pityana as its independent non-executive
chairperson. The appointment is effective from 3 May 2019.
Sipho (BA (hons) (Essex), MSc (London)), is the founder and
chairman of Izingwe Capital (Pty) Ltd, a privately held investment
company. He is also chairperson of the board of directors of public
listed companies AngloGold Ashanti Limited and Onelogix Group Limited,
and an independent director of Absa Bank Limited.
Sipho is also a member of the World Economic Forum's
Community of Chairperson of global companies and the chairperson of the
Council of the University of Cape Town. He is the president of Business
Unity South Africa and a director of Business Leadership South Africa.
Previously Sipho served on several boards of private sector
companies in both executive and non-executive capacities and in senior
roles in the public sector.
He takes over from Marc Wainer who will remain an executive
director of Redefine.
The board of directors of Redefine welcomes Sipho and looks
forward to his contribution to the company. The board thanks Marc for his
valuable contribution, unstinting leadership and guidance since founding
Redefine in 1999, and wishes him well in his new role.