Massmart appoints new non-executive chairman

In line with good governance, Dlamini will stand for re-election at the Annual General Meeting in May 2014.

He brings significant corporate leadership experience to the group, having held a number of senior leadership roles across a wide range of businesses. He was a non-executive director of Massmart from November 2006 until he stepped down in June 2011.

He has a BA (Hon. Cum laude from Natal, and M.Phil from Oxford). He served as CEO of Old Mutual South Africa and Emerging Markets. He also served as the head of Anglo American South Africa as well as a member of the Anglo American plc executive committee. He was also executive chairman of Richards Bay Coal Terminal, non-executive director of the National Business Initiative (NBI), non-executive director of Anglo Platinum and chairman of Old Mutual Africa Holdings. He is currently an independent non-executive director of Aspen Pharmacare and the independent non-executive chairman of Times Media Group. Dlamini is also active in non-profit organisations and is a member of the council of the University of Pretoria, national council of the South African Institute of International Affairs and chairman of South African National Parks (SANParks).

"I have always admired Massmart and I am excited by the company's future as part of Walmart International. I look forward to my renewed involvement and to working with the rest of the board to deliver value for all stakeholders," says Dlamini.

David Cheesewright, Walmart International CEO, adds, "Dlamini is an outstanding business leader with deep experience in emerging markets and a global perspective on management and growth. Massmart has previously benefitted from his input as a member of the board and we are now looking forward to his leadership as chairman."