Changing of the guard: automaker welcomes new directors

15 July 2020 | Web Article Number: ME202019734

Changing of the guard: automaker welcomes new directors
Thabo Nkoane, left, VWSA’s new human resources director with his predecessor, Percy Smith, right, who retires at the end of July

VOLKSWAGEN Group South Africa (VWSA) has welcomed several new directors to their Board of Management.

Thabo Nkoane has been appointed as the new Human Resources Director, effective from 1 June 2020. Nkoane joins VWSA from AEL Mining Services, and boasts extensive experience in the mining and manufacturing sectors in South Africa and Sub Saharan Africa. He holds an MBL and an Honours degree in Industrial Psychology.

Nkoane replaces Percy Smith, who has held the title since 2008. Smith is retiring at the end of July after 30 years with the company.

The board has seen several changes in recent months. In December 2019, Rochelle Reddy took up the reins as the Director for Sub Saharan Africa, a new position that oversees Volkswagen’s interests in this region. Reddy has more than 15 years’ experience in international strategy development, most of which was gained in emerging African markets.

In March 2020, the company welcomed a new Finance Director, Gustavo Dozo. Prior to joining VWSA, Dozo was Head of Finance for Volkswagen Argentina, and he has spent over 22 years working for the Volkswagen Group. Dozo replaced Henning Jens, who returned to Germany.

The Board also welcomed Reverend Nomgando Matyumza as its newest independent non-executive board member in March 2020. Matyumza has extensive management experience, having held positions with South African Breweries, Transnet Pipelines and Eskom. She has also served on the Boards of several other organisations, including Transnet and WBHO Ltd.

She currently serves on the Boards of Standard Bank and Sasol. Matyumza is a Chartered Accountant and holds B.Compt Honours and LLB degrees. She is a Presiding Elder and Pastor in the African Methodist Episcopal Church.

“VWSA is proud to welcome these new directors, and I am sure our business will benefit in many aspects from their knowledge and contributions,” said Chairman and Managing Director Thomas Schaefer. “I also want to thank Percy Smith for his decades of dedicated service and the impact he has made in the lives of our employees. I wish him all the best for his retirement.”

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