The Meatco Board has appointed its Executive: Finance, HR, IT and Administration, Angus Claassen, as the new Acting Chief Executive Officer as the company continues with the hunt of a substantive CEO following the departure of Vekuii Rukoro, who resigned in December 2017.
Claassen replaces Jannie Breytenbach, the company’s Executive of Operations who had been acting in the role since February last year.
“The Board’s decision to rotate the role of Acting CEO is in line with good Corporate Governance practices and adheres to legislation,” Meatco Board Chairperson, Martha Namundjebo-Tilahun.
The developments at the company come as Agriculture minister, Alpheus! Naruseb has given the nod for the meat processor to convene a member's meeting, where interest groups can nominate four persons to be considered for appointment to the Meatco board.
According to Meatco, only producers of livestock, who have met set requires as per the last 2019 AGM meeting will be able to participate at the much-anticipated meeting, which will usher new director to the company board.
“The meeting RESOLVED, as per the majority votes, the following: In order to qualify for registration as a member of the Corporation, as per section 17 (1) of the Meatco Act, a producer must at least sell one unit of livestock to the corporation during the period immediately preceding three years for members South of the Veterinary Cordon Fence (SVCF), and five years for the members North of the Veterinary Cordon Fence (NVCF) from the date on which his/her membership is to be determined. Furthermore, the member must have applied for registration as a producer of livestock, in order to be eligible to participate in the nomination process.”
The nomination process for members to be considered by the Agriculture minister comes as Martha Namundjebo-Tilahun board’s term expires in February next year.
The appointment of the new board next year will, however, be conducted under the old Meatco Corporation Amendment Act 21 of 2004, because the envisage, Public Enterprises Governance Act (PEGA), which Public Enterprises Minister, Leon Jooste had hoped would have been enacted, is yet to be gazetted.
The current Meatco Act will be used to nominate new members, who will then be forwarded to the Minister for vetting and consideration.
During his stint, Breytenbach has been credited with implementing a turnaround strategy for the meat company, which included realigning the business to the current cattle numbers, thereby minimising losses, increasing the sustainability and competitiveness of the company in the current financial environment as well as map out a strategy for the NCA Markets.