22 / 248
20
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
1. LAURENCE (LARRY) NESTADT
Independent Non-Executive Chairman
Born: 1950
Larry has over 40 years’ experience in his long and
successful corporate career, both in South Africa and
internationally. Larry is a co-founder and former
executive director of Investec Bank Limited. He
assisted in the creation and strategic development of a
number of listed companies such as Capital Alliance
Holdings Limited, Super Group Limited, Hosken
Consolidated Investments Limited, SIB Holdings
Limited and Global Capital Limited. He is the past
chairman on each of the boards of these companies.
Larry has also served on the board of directors
of Softline Limited, JCI Limited and Abacus
Technologies Holdings Limited. He was a former
director of a number of non-listed companies,
internationally and locally, viz, Stenham Limited (UK)
and Prefsure Life Limited (Aus). Currently, Larry holds
various directorships and is executive chairman of
Global Capital Proprietary Limited, and chairman
of Melrose Motor Investments, MoreCorp Group
Proprietary Limited, SellDirect Marketing Proprietary
Limited and National Airways Corporation
Proprietary Limited.
Larry joined the Board on its establishment in 2007.
As a respected senior member of the South African
business community, his strategic vision, guidance
and experience contribute significantly to the Board
and its deliberations.
2. GARY HARLOW
Independent Non-Executive Director
BBusSci (Hons) (UCT), FCMA, CGMA, CA(SA)
Born: 1957
Gary graduated from the University of Cape Town
in 1979, qualifying as a Chartered Accountant (SA)
in 1982, an associate of the Chartered Institute of
Management Accountants (UK) in 1983 and as a
fellow chartered management accountant (UK)
in 1996. His career was forged in merchant and
investment banking. In the early 1990s he became
an adviser to the African National Congress in
developing Black Economic Empowerment strategies
and in 1992 was instrumental in the creation of
Thebe Investment Corporation South Africa’s first
broad-based black-owned company. Gary served as
Joint Chief Executive Officer of Msele Corporate and
Merchant Bank, South Africa’s first black-controlled
merchant bank.
In 1996 Gary was appointed Group Chief Executive
Officer of Unihold Limited, where he remains
Executive Chairman. He led its transition from an
engineering conglomerate to an international IT and
telecommunications group, followed by a delisting
through a management buyout in 2002. Gary
continues to serve on numerous private and public
company boards.
He is also chairman and/or director of various
Group subsidiaries.
3. JOE MTHIMUNYE
Independent Non-Executive Director
BCompt Hons/CTA (Unisa), CA(SA)
Born: 1965
Joe qualified as a chartered accountant in 1993. In
1996, he co-founded Gobodo Incorporated, an
accounting practice with eight other partners which
in time became the largest black accounting firm in
South Africa. In 1999, he led a management buyout
of Gobodo Corporate Finance from the accounting
firm and rebranded it AloeCap Proprietary Limited,
of which he is currently executive chairman.
He also serves on the board of directors of various
non-listed companies in which AloeCap Private
Equity is invested.
4. JERRY VILAKAZI
Independent Non-Executive Director
BA (Unisa), MA (Thames Valley), MA (London) and
MBA (California Coast University)
Born: 1961
Jerry is executive chairman of the Palama group of
companies which he co-founded with the view to
investing in private and listed companies. He previously
served as CEO of Business Unity South Africa (BUSA).
He is also the chairman of the State Information
Technology Agency (SITA), Mpumalanga Gambling
Board and Trubok Proprietary Limited. Jerry was
previously a director of PPC Limited and recently retired
from the position of Chairman of Netcare Limited. He
currently holds directorships at Goliath Gold Limited,
Sibanye Gold Limited and Saatchi & Saatchi. Jerry is a
member of the National Planning Commission and
previously served on the Presidential B-BBEE Advisory
Council and Public Service Commission. He is an
adviser to Citi Bank in South Africa.
5. YUSUF MAHOMED
Independent Non-Executive Director
BPharm (UDW) and MSc (Pharm Tech) from
Chelsea College, University of London
Born: 1953
Yusuf is chairperson of the Cell C Foundation
which is responsible for Cell C Proprietary Limited
corporate social investment initiatives. He is also a
director of Legend Power Solutions Proprietary
Limited and alternate director of Avon Peaking
Power Proprietary Limited and Dedisa Peaking Power
Proprietary Limited. His previous directorships
included Cell C Proprietary Limited, Siemens
Proprietary Limited and Ubambo Investment Holding
BOARD OF DIRECTORS
CONTINUED