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Dis-Chem appoints Alu Sithebe as independent non-executive director

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Dis-Chem has released a statement announcing the appointment of Alu Sithebe as an independent non-executive director, noting her financial background as one of the reasons for her appointment.

Dis-Chem Pharmacies Limited circulated a statement on Tuesday, 12 January 2021, announcing the appointment of a new non-executive director to the board. The statement is obligatory, as the company is listed and such appointments affect all stakeholders.

According to Dis-Chem, “In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised that Ms. Aluphele Sithebe (“Alu”) has been appointed an independent non-executive director of Dis-Chem with immediate effect. Alu has also been appointed a member of the Company’s Audit and Risk Committee.”

Moreover, the statement noted Sithebe’s financial background as an asset to the board. Dis-Chem stated, “Alu is a CA (SA) and has an MBA from the Gordons Institute of Business Science. Alu is a Private Equity investment professional with many years of experience in the financial services and corporate finance industry. Alu sits on a number of other Boards as well as on a number of other Audit Committees.”

See the post below.

Sabelo Makhubo
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