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Hulamin CEO retires after 12 years

Hulamin’s CEO, Richard Jacob, will retire at the end of September, the company announced.

Jacob, who is in his fifties, was with the company in Pietermaritzburg for 32 years, and CEO for the last 12 years.

Geoff Watson, a non-executive director, has been appointed as the interim CEO while the company searches for a new CEO. Watson has held executive positions with Alcoa Kaal in Australia, as well as Alcoa Bohai (China), Steelforce (Australia), Seema International (Hong Kong) and UC Rusal (Switzerland).

After graduating with an engineering degree from the University of Cape Town, Jacob joined Hulamin in 1990 as an industrial engineer. During his career at Hulamin, he was promoted to various positions, including business development manager and executive responsible for coated products and investor. Jacob was appointed CEO in 2010.

Hulamin produces a variety of aluminum products, including cans and foil, and during Jacob’s tenure emerged as a global specialist in producing ultra-high-end products. In 2018, Jacob estimated that Hulamin controlled half of the international market for these aluminum items.

The company had a long-standing contract with South African-born Elon Musk’s Tesla car company to supply base plates for battery boxes. It also produces other specialized products for use in electric vehicles, such as components in airplanes that enable wifi.

After a difficult period in 2019 and 2020, the group saw a 34% boost in sales volumes in 2021, which saw its operating profit jump 760% to R538 million.

Hulamin CEO retires after 12 years

Source link Hulamin CEO retires after 12 years

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