Xolani Mbambo appointed as new Grindrod CEO

To take over from the incumbent, Andrew Waller, in January 2023.
Xolani Mbambo will take over as the new Grindrod CEO in January 2023. Image: Moneyweb

JSE-listed company Grindrod has appointed Xolani Mbambo as its new chief executive starting 1 January 2023, Mbambo will succeed current CEO Andrew Waller who has been in the role for four years.

Mbambo’s appointment comes after Waller revealed his intentions to retire to the Grindrod board in June 2021. Waller will remain in the CEO seat until 31 December 2022 to facilitate Mbambo’s transition into the role, the company said in a Sens statement on Friday.

Mbambo is currently the executive director of Grindrod and its subsidiaries, joint ventures and associate businesses. Mbambo, who has been with the company since 2013, also leads Grindrod’s Freight Services division as CEO.

“The board is excited to have Xolani lead Grindrod in its quest to deliver an efficient and cost-effective logistics solution for its customers’ cargo flow, whilst touching the lives of the communities in which we operate,” board chair Cheryl Carolus says.

The incoming CEO is a qualified chartered accountant and has also completed an Advanced Management Programme from the Harvard Business School.

Mbambo’s work experience includes working for mining giant Anglo American for 12 years, taking up positions in various departments including finance, procurement, business and dry-bulk commodity performance analysis and greenfield project implementation, across the miner’s South Africa, United Kingdom and Botswana offices and operations.

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