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16 October 2019

PPC CFO resigns from position

First publishedon www.AggBusiness.com
South African cement giant PPC is looking for a new chief financial officer (CFO) after Tryphosa Ramano said she would be resigning from her role on 31 October 2019.

Ramano told South African business media that she was departing for personal reasons. Ronel van Dijk has been made interim CFO until a permanent replacement is found.

Aggregates Business reported last month how PPC, South Africa’s largest cement maker, saw its EBITDA (Earnings Before Interest, Tax, Depreciation & Amortisation) rise by 5%-10% in the four months to July 2019. The rise was posted despite the company’s cement sales falling 10-15% in Southern Africa.