Redefine Properties appoints Sipho Pityana as independent non-executive chairperson
Sipho has stepped into the role of independent non-executive chairperson as of 3 May.
Sipho Pityana’s appointment as independent non-executive chairperson of Redefine Properties is in line with the REIT’s intention of strengthening governance, broadening diversity and improving board independence.
Sipho is taking over from Marc Wainer, who will remain an executive director of Redefine.
In a statement released by the company, Redefine welcomed Sipho and said that it “looks forward to his contribution”. It also thanked Marc for his “valuable contribution, unstinting leadership and guidance” since founding Redefine in 1999.
Siphois the founder and chairman of Izingwe Capital, a privately held investment company, and chairperson of the board of directors of AngloGold Ashanti and Onelogix Group. He is also an independent director of Absa Bank. He is a member of the World Economic Forum’s Community of Chairperson of global companies and the chairperson of the Council of UCT. He is the president of Business Unity South Africa and a director of Business Leadership South Africa.
Sipho previously served on several boards of private sector companies in both executive and non-executive capacities and in senior roles in the public sector.