Wrap Text
Appointment of Grindrod Chief Executive Officer
GRINDROD LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1966/009846/06)
JSE Code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
("Grindrod")
APPOINTMENT OF GRINDROD CHIEF EXECUTIVE OFFICER
Shareholders are referred to Grindrod's SENS announcement dated 18 June 2025 advising
shareholders of the resignation of Grindrod's Chief Executive Officer ("CEO"). In accordance with
paragraph 3.59 of the JSE Limited Listings Requirements, the Board of Directors ("Board") of Grindrod
takes pleasure in announcing the appointment of Kwazi Mabaso to succeed Xolani Mbambo as
Grindrod's CEO, effective 1 December 2025.
Grindrod conducted a rigorous multi-faceted search process, supported by a leading independent
executive search team, to appoint a CEO who will lead Grindrod into its next phase of growth, and
drive forward Grindrod's strategy of delivering efficient, cost-effective integrated logistics solutions
tailored to our customers' needs.
Kwazi is currently serving as CEO of Grindrod Terminals, a strategically material segment of
Grindrod's business, overseeing operations across sub-Saharan Africa. He brings with him a wealth of
expertise in overseeing large-scale projects and offers a global perspective informed by deep
engagement within African markets. He possesses extensive experience in cross-border leadership
and stakeholder management and has established an exemplary track record in driving strategy,
operational effectiveness, and transformation. Kwazi has been central to the finalisation and execution
of the large strategic mergers and acquisitions transactions concluded this year in line with Grindrod's
growth strategy.
Kwazi has over 24 years' experience in various sectors, including mining, FMCG, railway and
maritime logistics, and is a seasoned business leader. He holds a Bachelor of Science (Engineering)
degree and a postgraduate diploma in Business Administration. Prior to joining Grindrod, he spent a
decade at Transnet, where he held several senior roles which included executive management of the
Richards Bay Terminals and leadership positions across NATCOR, Durban Container Terminal,
Manganese Corridor, and the North-East Corridor.
Board chairperson, Cheryl Carolus, commented "The Board is pleased to announce the appointment
of Kwazi Mabaso as CEO. Grindrod, under Kwazi's leadership, will continue to pursue substantive
growth through the alignment of our operations with our mission and strategic direction, capitalising on
recent achievements. Our commitment to promoting growth, generating opportunity, and supporting
positive change remains unwavering".
The Board takes this opportunity to again thank Xolani for his leadership and outstanding delivery on
strategy execution. As Grindrod enters this new chapter, the Board is confident that, under Kwazi's
leadership, the company will continue to build on its achievements and drive sustainable growth into
the future.
By order of the Board
17 October 2025
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 17-10-2025 08:40:00
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