BSc , MCom, CA (SA), CISA
Chief Financial Officer
Appointed to the Board on 27 November 2006

Gordon Whither joined Glenrand M·I·B in 2004 and was subsequently appointed CFO in April 2005. Gordon studied BSc IT and Applied Mathematics at the University of Stellenbosch before qualifying with a Masters of Commerce from UPE in 1993. He qualified as a CA (SA) with PriceWaterhouseCoopers in 1996 and joined The Board of Executors directly after completing Articles. In 1999 he was a founding executive to a green fields financial services company in the retirement fund administration industry and joined Glenrand M·I·B after the entity was acquired. He holds various executive directorships of subsidiaries in the group, together with acting as Public Officer.

B.A. (Hons), M.A. (Economics), PH.D. (Economics)
Non-executive Director
Appointed to the board on 3 November 2008

Dr Iraj Abedian is the co-founder and Chief Executive of Pan-African Capital Holdings (Pty) Limited. He was professor of economics at the University of Cape Town, before joining Standard Bank Group in 2000 as Group Chief Economist. He was the founder and Director of the Applied Fiscal Research Centre (AFReC) at UCT and has been a consultant on economics policy issues to public and private sector organisations in South Africa, as well as internationally.

In January 2000 Iraj was appointed Group Chief Economist to Standard Bank Group. He has also served as economic columnist for the Sowetan, a Johannesburg-based daily newspaper. Iraj is currently a member of the Board of Directors of Munich Re, Wesizwe Platinum Limited and AFReC. He is Chairman of the Board of Directors of Bigen Africa Limited, Pangbourne Properties Limited and PBS (Pty) Limited, and a member of the Advisory Board of the Auditor General (South Africa).

Iraj is a member of the Audit, Risk and Compliance Committee.

CA (SA)
Alternate Director
Appointed to the Board on 2 April 2009

Bruce Chelius studied at the University of the Witwatersrand and qualified as a Chartered Accountant, completing his articles with Deloitte and Touche in Johannesburg. In 2002 he qualified as a Chartered Financial Analyst (CFA).

Bruce has more than 10 years experience in private equity investing and corporate finance having worked at Standard Corporate and Merchant Bank and BoE Bank/Nedbank.

In 2004 Bruce established Collins Private Equity (CPE) with three partners. He is currently the MD and a shareholder of CPE. In his role as MD of CPE he currently sits on the boards of Autovest Limited, where he is the chairman of the Remuneration Committee, and Eveready (Pty) Limited.

Bruce is Alternate Director to Abrie du Preez.

CA (SA), FCA
Independent non-executive Director
Appointed to the Board on 18 May 2001

Rick Cottrell is a former Chairman and Managing Partner of Coopers and Lybrand, South Africa, a predecessor firm of PricewaterhouseCoopers. He is a past President of the Institute of Chartered Accountants, Chairman of the Accounting Practices Committee and one of the two South African representatives of the then International Accounting Standards Committee.

After retiring from practice, he was appointed Executive Officer of the Financial Services Board, a position he occupied for over four years.

He is now a director of companies, including Regent Insurance Company Limited, Regent Life Assurance Company Limited and Metaf Investment Holdings (Pty) Limited. He is also Chairman of the Accounting Standards Board, which sets public sector accounting standards for South African Public entities.

Rick is Chairman of Glenrand M·I·B’s Audit, Risk and Compliance Committee, a member of the Remuneration and Nominations Committee, a trustee of the Glenmib Employee Scheme Trust and a non-executive Director of Ten-50-Six Life Limited.

BCom (Hons), CA (SA)
Non-executive Director
Appointed to the Board on 25 February 2009

Abrie du Preez worked as Audit Senior at Theron van der Poel from 1979 until 1981 and thereafter joined Prima Foods as Financial Manager. In 1984 Abrie joined Prestasi Insurance Brokers and left in 1992 as Group Managing Director to launch Trustee Board Investments (Pty) Ltd, of which he is the Executive Chairman.

Abrie is a member of the Risk Committee and the Remuneration and Nominations Committee.

B,Compt. Hons ,CA (SA)
Independent non-executive director
Appointed to the Board on 1 July 2009

Hester Hickey is a consultant, non-executive director, trustee and audit committee chairman for various organisations as follows:
Non-executive director and Audit Committee member of Omnia Limited; Audit Committee Chairman of Two Rivers Platinum; Trustee and Chairman of the Audit Committee of AngloGold Ashanti Pension Fund; non- executive Director and Chairman of the Audit Committee of Agre Limited; Trustee and Member of the Audit and Risk Committees of the Sentinel Pension Fund and the Mineworkers Pension Fund representing the Chamber of Mines.

Hester recently completed two terms over a period of seven years as a member of the Johannesburg Municipality Audit Committee, a consulting contract at Marsh South Africa as General Manager Risk Consulting and during her career has been involved in many areas of risk, internal audit and corporate governance.

Hester has previously held the positions, amongst others, of Chairman of SAICA (South African Institute of Chartered Accountants); Executive Officer: Head of Risk – AngloGold Ashanti; Senior Manager: Corporate Governance at Liberty Life; and partner at Ernst & Young. On completion of her articles Hester also lectured auditing and accounting at the University of the Witwatersrand and was National Technical and Training Manager of BDO Spencer Steward.

BA (UNISA) MDP (UNISA SBL)
Alternate Director
Appointed to the Board on 27 May 2009

Tidi Khobane is the Chief Operating Officer of the Matemeku Group. Her previous experience included that of Chief Director at the Department of Foreign Affairs (Deputy Chief of State Protocol), Executive Director of Meropa Communications, Employee Wellbeing Manager at Eskom and International Relations Officer for the Cape Town Olympic Bid 2004.

She currently chairs the boards of Edusport Travel and Traffic Management Technologies (Gauteng). She is a non-executive Director at Schindler Lifts SA (Pty) Limited, Matemeku Investments (Pty) Limited, Ilizwi Holdings as well as a Trustee of the Makgulong Trust. Tidi is Alternate Director to Moss Mashishi.

MBBCH (Wits) BSC Hons (FH) D.A.(SA)
Non-executive Chairman
Appointed to the Board on 14 September 2000

Dr Dudu Kunene was previously the executive director on the Glenrand M·I·B Board responsible for diversity and empowerment. On 1 July 2006 Dudu was appointed non-executive Chairman of the Board of Directors and on 18 August 2006 the Acting Chief Executive officer on an interim basis. Dudu reverted to the role of non-executive Chairman on 1 November 2007.

Dudu is also the Chief Executive Officer of Kunene Bros. Holdings (Pty) Limited and the Chairman of Kunene Finance Company (Pty) Limited, as well as Kunene Motor Holdings Limited. He is a director of Fortune Investment Holdings, First Beverages and Second Beverages, non-executive Chairman of the CISCO SA Advisory Board and Trustee to the NOAH Trust. He practiced as an anaesthetist until January 1998, whereafter he joined Kunene Bros. Holdings on a full-time basis. Apart from being on the Board of Glenrand M·I·B, Dudu is also non-executive Chairman of Glenrand M·I·B Limpopo (Pty) Limited.

BA, LLB
Non-executive Director
Appointed to the Board on 18 April 2006

Moss Mashishi is currently the executive Chairman of Matemeku Group. His previous positions include being the Chief Executive Officer of the following companies: The World Summit on Sustainable Development 2002, SA Tourism and Moribo Leisure.

His board appointments include being the non-executive Chairman of the following Ogilvy South Africa, Ogilvy Africa and Aristocrat Technologies Africa (ATA), non Executive director of the following , Schindler Lifts (SA) and Ponahalo Investment Holding, a Black Economic Empowerment partner of De Beers Consolidated Mines, where he is also a shareholder.

Moss is a former President of the Sports Confederation and Olympic Committee (SASCOC), the sport body responsible for developing high performance sport in South Africa and a former member of the Sports and Environment Commission of the International Olympic Committee.

MA, Clinical Psychology
Non-executive Director
Appointed to the Board on 3 July 2007

Thandeka Mgoduso works as an executive director for Human Resources at the University of Johannesburg. She is a non-executive Director of Ayavuna Women’s Investments, the Deputy Chairman of the National Nuclear Regulator (NNR), non-executive Director for the South African Reserve Bank as well as a Director of Ukhamba Holdings, a subsidiary of the Imperial Group, as well as of BIOSS SA.

Thandeka practiced as a clinical psychologist in Cape Town, London and Johannesburg. She has been involved in logistics for a number of years as a CEO at Freightdynamics, as well as an executive director at Imperial Logistics, before joining Ayavuna on a full-time basis. Thandeka, previously alternate director to Hixonia Nyasulu, was appointed a full director of the company when Hixonia resigned from the Board. Thandeka is a member of the Remuneration and Nominations Committee.

BCom, Hons, Higher Diploma in Accounting, CA (SA), MBL
Independent non-executive Director
Appointed to the Board on 6 December 2006

Nigel Payne is an independent corporate governance and risk management advisor. He currently holds various non-executive directorships, where he generally chairs the audit and risk committees. These include Bidvest Limited, JSE Limited, Mr Price Limited and BSI Steel Limited. Nigel Payne is also a member of the King Committee. He is a member of the Audit, Risk and Compliance Committee and Chairman of the Risk Committee and the Remuneration and Nominations Committee.