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Grand Parade Investments removes two board members

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Mlambo and Hargey were voted out of the board after a general meeting held on Wednesday, 5 December 2018.

Empowerment company, Grand Parade Investments (GPI), revealed in a statement on Thursday, 6 December 2018, that the board voted to remove two of its members during their general meeting the day before.

The Board “wishes to confirm that Mr RA Hargey and Ms N Mlambo have been removed as non-executive directors of the Company at the GM, with effect from 5 December 2018,” GPI said in a statement.

GPI appointed Mark Bowman and Ronel van Dijk to replace Hargey and Mlambo as non-executive directors on the same day the former board members were fired from their positions.

The company extended their gratitude to two former board members. “The board would like to thank Mr Hargey and Ms Mlambo for their valuable contribution to the Company and wishes each of them well in their future endeavours,” GPI said.

The company’s investment portfolio includes a variety of industries with food, gaming, and manufacturing being the most prominent. GPI has a 17.5 per cent stake in the Spur Corporation which operates many restaurants including Spur Steak Ranches where Van Dijk has been a board member and CFO since 2005 and 2006 respectively.

Van Dijk is has an Honour’s degree in Accounting from Stellenbosch University and is also a qualified Chartered Accountant. Van Dijk’s colleague Bowman has 23 years of experience in the corporate world having been the head of South African Breweries ABI division.

He also holds a BCom degree in Economics and Business Economics from the University of Witwatersrand as well as an MBA from the University of Cape Town.

GPI  said they were pleased to have Van Dijk and Bowman on their team. “The board welcomes
Mr Bowman and Ms Van Dijk and look forward to their contribution to the Company,” the company said.

Xiletelo Mabasa
[email protected]

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