PPC and its CFO Tryphosa Ramano have agreed to separate; Ronel van Dijk to take over as CFO.
On Thursday, 10 October, PPC announced that its CFO and director Tryphosa Ramano has stepped down.
After a mutual agreement to separate, Tryphosa will step down with effect from 31 October 2019 to “pursue personal interests”.
In a statement, the group thanked Tryphosa for her many years of dedicated service to PPC and wished her well in her future endeavours.
"I have been with PPC for the last eight years and my tenure has been great but dramatic," Tryphosa said. "I am sad to be leaving, but I think at my age, its time to focus on new challenges and make room for young aspiring people to take the company to new beginnings."
Tryphosa has been with PPC for eight years since joining in August 2011. According to the statement, she has played a major role in assisting the group to deliver on its strategy of growing outside of SA, with PPC ROA revenue increasing by around 80 percent over the period. She also played a leadership role in ROA governance, representing PPC on the boards of PPC group companies in Ethiopia, Rwanda, Zimbabwe and DRC.
Tryphosa has agreed to take on a consultancy role with PPC, and she will continue to provide her services to the company in this way in order to ensure continuity.
"My plate is currently full with other activities, but I am excited to be focusing on new things," she said.
She was nominated for the 2018 CFO Awards for the work that she has done at PPC.
Founding member of CFO South Africa Ronel van Dijk has been appointed as interim CFO and as an executive director to PPC with effect from 1 November 2019 until a permanent CFO and executive director has been appointed.
Ronel joined Spur as group financial manager in January 2003. She was appointed as CFO and company secretary in January 2005 and was appointed to the board of directors in 2006. She resigned from Spur in March 2018 and was appointed as a non-executive director and audit and risk committee member of GPI and Adcorp Holdings in December 2018 and June 2019 respectively. She is also a founding member of the Western Cape Development Board of the Early Care Foundation.