People: RACEC Group Ltd (RACJ.J)

RACJ.J on Johannesburg Stock Exchange

62.00ZAc
23 May 2013
Price Change (% chg)

1.00c (+1.64%)
Prev Close
61.00c
Open
61.00c
Day's High
62.00c
Day's Low
61.00c
Volume
30,700
Avg. Vol
241,385
52-wk High
103.00c
52-wk Low
31.00c

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Summary

Name Age Since Current Position

Michael Uys

 66 2006 Non-Executive Chairman of the Board

Gary Harrod

 41 2010 Chief Executive Officer, Executive Director

Sean Wilkins

 41 2009 Financial Director, Executive Director

Conrad van Rensburg

 2009 Company Secretary

Charles Harrod

 65 2010 Non-Executive Director

Qedukwazi Zulu

 50 2009 Non-Executive Director

John Bester

 66 2013 Independent Non-Executive Director

Colin Gooden

 69 2007 Non-Executive Independent Director

Bonita Petersen

 42 2008 Non-Executive Independent Director
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Biographies

Name Description

Michael Uys

 Mr. Michael John Uys is Non-Executive Chairman of the Board of Racec Group Limited since April 2006. Mr. Uys holds Bachelor of Science in Civil Engineering (University of Cape Town), Construction Management Programme (University of Stellenbosch, MBA School). Mr. Mike was granted a bursary by the South African Railways and Harbours and started as an assistant engineer at New Works in Cape Town in January 1971. He was offered a position with RACEC in its Cape division as an engineer in 1972, operating only in the railway construction and maintenance field. Mike was promoted to the position of divisional manager in 1984, and in 1986 to that of divisional general manager of RACEC Construction, a division of Metkor Industries Limited. In December 1988, assisted by Standard Corporate and Merchant Bank, Mike led a management team of RACEC in the management buyout of the Group from Metkor Group Ltd and became the Chief Executive Officer of the Group. In 2000, due to the complexity of legislative changes, Mike set up the separate human resources department within the Group. During 2000, Mike initiated and controlled the roll-out of offices to East London, Richards Bay and Gauteng. Mike assumed the position of executive chairman in October 2002.

Gary Harrod

 Mr. Gary Lee Harrod is Chief Executive Officer, Executive Director of Racec Group Limited. He holds Bachelor of Science (Construction Management) (University of Cape Town), Construction Management Programme (University of Stellenbosch, MBA School). Mr. Gary was granted a Grinaker bursary in 1990 while undertaking his studies at the University of Cape Town. In 1998 Gary joined RACEC Electrification as contracts manager and was immediately responsible for the supervision and coordination of multiple construction work supervisors and the implementation of newly legislated government and company policies. In 2002, Gary was appointed as managing director of RACEC Electrification. Later in 2002, Gary was also appointed as a director of the holding company. In 2007 Gary was instrumental in assisting RACEC with the listing on the JSE’s AItX Board. He carried Out the role of Chief Operating Officer from 2009 until assuming the role of CEO on 1 June 2010.

Sean Wilkins

 Mr. Sean Charles Wilkins is Financial Director, Executive Director of Racec Group Limited since March 31, 2008. He also serves as Executive Director of Racec Group Limited since September 1, 2007. He holds BComm (University of Cape Town), H Dip Acc (University of Natal), CA(SA). Mr. Sean completed his articles with BDO Spencer Steward (Cape) In 1999. In June 2000, Sean left to join Ernst & Young’s corporate finance team in the United Kingdom. He returned to Cape Town in 2005, where he rejoined BDO Spencer Steward (Cape) and was responsible for building the corporate finance division. Sean has gained experience in due diligence reviews covering a wide spectrum of industry sectors, including technology, travel and tourism, waste management, media, manufacturing and construction. Sean has also been involved in stock exchange listing work, including the reporting accountant’s work for a number of London Stock Exchange and AIM listings while in the United Kingdom, and an AItX listing while in South Africa. Other transactional advisory work that Sean has been involved in includes the raising of finance, vendor due diligence reviews, valuations and other business advisory assignments. Sean is now the Chief Financial Officer of the Group and has held this position since April 2008.

Conrad van Rensburg

Charles Harrod

 Mr. Charles Harrod is Non-Executive Director of Racec Group Limited. He holds National Engineering Diploma, majoring in electronics and electrotechnics (1973) (Witwatersrand Technical College), National Technical Certificate Part V (1969), majoring in electronics and electrotechnics (Witwatersrand Technical College). Mr. Chares began his career at the South African Transport Services (SATSI in 1966 where he first held the position of draughtsman in the chief electrical engineers office. Charles left the employ of the SATS in 1975 and remained self- employed until 1979. Charles joined RACEC in 1979, when he was employed in the electrical contracting division in Johannesburg. His responsibilities were primarily railway electrification design and construction projects and later expanded into township reticulation, transmission line, and underground trolley line projects. Charles set up RACEC’s electrical division in Cape Town in 1987 which later expanded into the Eastern Cape and subsequently became RACEC Electrification. From this division of Metkor Industries Ltd, RACEC Electrification has grown into the electrical reticulation contractor in the western and southern Cape as well as being a contributor to the success of RACEC. In December 1988, Charles, supported Standard Corporate and Merchant Bank and, with the management of RACEC, achieved a management buyout of the Group from Metkor Group Charles became the managing director of RACEC Electrification and a board member of the Group and all its subsidiaries. In 2002, Charles was appointed Chief Executive Officer of RACEC. Charles was instrumental in setting up the RACEC Employee Share Trust in 2004, in 2007 led the listing of RACEC Group Limited on the JSE’s AItX Board. Charles retired as CEO on 31 May 2010 and is currently a non-executive director on the RACEC Group Ltd board.

Qedukwazi Zulu

 Mr. Qedukwazi Zulu is Non-Executive Director of Racec Group Limited since 18 August 2009. Ted is the founder and shareholder of Solethu Investments (Pty) Ltd. He has developed a deep understanding of rail operations during his eight-year tenure at Spoornet where he managed the coal terminals, mining sector and cement sector. He has used this experience in Rail and Logistic-related services to the development of RRL Holdings (Pty) Limited. Through Ted’s rail he has been heavily involved in helping the Bridge Shipping Group to achieve its objectives of increasing their tonnages and thus helping them achieve their growth in profitability.

John Bester

 Mr. John A. Bester has been appointed as Independent Non-Executive Director of RACEC Group Ltd., effective March 28, 2013. He spent 16 years in the accounting profession and was a partner of Ernst amp;amp; Young. His experience in commerce and industry includes serving as the financial manager of Toyota Marketing South Africa, financial director of Warner Lambert South Africa, financial director and chief financial officer of the Norwich Holdings Limited Group of Companies. He is currently a non-executive director of Personal Trust International, Clicks Group, Sovereign Foods, Homechoice Holdings and Western Province Rugby, and chairs a number of audit committees.

Colin Gooden

 Mr. Colin Rodney Spry Gooden is Non-Executive Independent Director of Racec Group Limited. He holds BComm (University of Cape Town), CA(SA). He qualified as chartered accountant in 1968. He joined a medium-sized audit firm, Dekker Nash, and became a partner in 1972. Dekker Nash merged with Coopers and Lybrand in 1977. Colin worked in the entrepreneur advice division, where his duties included auditing, providing business and tax advice to emerging clients of the firm and giving presentations to potential clients of the firm. Colin was also involved in liquidation work. Colin’s larger clients were in the construction, manufacturing, tourism, farming, insurance and quarrying industries. In 2004, Colin retired at 60 years of age from PricewaterhouseCoopers Inc, which had been created a few years earlier from the merger of Coopers and Lybrand and Price Waterhouse. Since his retirement, Colin has retained his membership with the South African Institute of Chartered Accountants. Clients still consult Colin on a regular basis to discuss business strategies and asset growth.

Bonita Petersen

 Mrs. Bonita Petersen is Non-Executive Independent Director of Racec Group Limited since August 1, 2008. She holds BComm (Hons) (University of Western Cape), CA(SA). She joined PricewaterhouseCoopers (PwC) in 1994 after completing her BComm (Hons) at the University of the Western Cape. Once she completed her articles she stayed at the firm for a further two years focusing mainly on public sector consulting. In 1999 Bonita joined Metropolitan as an audit manager. She has spent her tenure at Metropolitan in the auditing department, which has evolved considerably over the years. At the beginning of 2008, Bonita became the chief internal auditor. Besides working full time in group internal audit, Bonita serves on the Metropolitan Medical Scheme as a trustee and was appointed as chairman in 2009. She is also one of the driving forces in the company’s finance bursary programme. In addition, she is also the training officer for the Training Outside of Public Practice Programme (TOPP) and serves on SAICA’s training and education committee.

Basic Compensation

Name Fiscal Year Total

Michael Uys

 307,363

Gary Harrod

 3,015,170

Sean Wilkins

 2,598,870

Conrad van Rensburg

 --

Charles Harrod

 1,275,000

Qedukwazi Zulu

 --

John Bester

 --

Colin Gooden

 --

Bonita Petersen

 --
As Of 29 Sep 2012

Options Compensation

Name Options Value

Michael Uys

 0 0

Gary Harrod

 0 0

Sean Wilkins

 0 0

Conrad van Rensburg

 0 0

Charles Harrod

 0 0

Qedukwazi Zulu

 0 0

John Bester

 0 0

Colin Gooden

 0 0

Bonita Petersen

 0 0

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