Stefanutti Stocks Holdings Limited announced the appointment of Howard Craig and Mafika Mkwanazi as independent non-executive directors with effect from 17 April 2015. Their profiles are set out below. Howard was Technical Director and Managing Director at Fraser Alexander Tailings from 1990 to 2000, held various senior positions at Sasol from 2000 to 2009 and was Chief Executive of Rand Refinery from 2009 to 2014.

Mafika is currently the non-executive Chairman of Hulamin Limited and sits on the board of the Mediterranean Shipping Company South Africa. He has previously held senior positions at South African Breweries Limited, Bristol Myers Squibb (Pty) Ltd. and BMW South Africa. Dermot Quinn will be retiring from the Group as Chief Financial Officer and executive director and employee on 31 May 2015.

Dermot will continue to remain on the board as a non-executive director with effect from 1 June 2015. The board announced the appointment of Antonio Cocciante as CFO and executive director with effect from 1 June 2015, as successor to Dermot. Antonio has been with the Group since August 2006.

Antonio qualified as a chartered accountant in 1995 with audit firm Deloitte, where he worked for six years in the audit and corporate finance divisions. He previously held the position of Chief Financial Officer at EOH Holdings Limited for a period of six years until 2005.