Executive directors
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GN (Gary) Chaplin (50)
CA(SA)
Chief executive officer

Gary qualified as a chartered accountant in 1995 after completing his articles with Deloitte. In 1996, he joined a private company in the timber industry, which was later acquired by Steinhoff Africa Holdings Proprietary Limited (‘Steinhoff’). Gary held various positions and fulfilled numerous roles in Steinhoff’s South African timber and furniture manufacturing operations. He then joined PG Bison Proprietary Limited (‘PG Bison’), where he was later appointed to the board in August 2006, and as chief executive officer in November 2011. In June 2012, KAP Industrial Holdings Limited acquired PG Bison, whereupon Gary was appointed to the KAP executive committee. He later assumed full responsibility for KAP’s diversified industrial segment and was appointed as the chief executive officer of KAP in November 2014.

Member of the social and ethics committee
Member of the investment committee
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FH (Frans) Olivier (41)
CA(SA)
Chief financial officer

Frans qualified as a chartered accountant in 2004, after completing his articles at KPMG in Johannesburg. In 2005, Frans joined Riso Africa Proprietary Limited as the financial manager. He joined Steinhoff Africa Holdings Proprietary Limited as a financial manager in 2006. Frans then joined PG Bison Proprietary Limited (‘PG Bison’) in 2009 as the group financial manager and was appointed as chief financial officer in 2010. In 2012, KAP Industrial Holdings Limited acquired PG Bison. Frans was promoted to the position of chief financial officer for the diversified industrial segment of KAP in 2015, and in April 2016, he was appointed as the chief financial officer of KAP.

Member of the investment committee
Independent non-executive directors
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J de V (Jaap) du Toit (66)
BAcc, CA(SA), CTA, CFA
Independent non-executive chairman

Jaap was appointed as senior general manager of the Trust Building Society in 1984, financial director at SMK Securities Proprietary Limited in 1988, and as their portfolio director in 1990. He was a founder member of PSG Group Limited in 1996, and acted as a director until mid-2016. He acted as chairman of PSG Konsult from its formation in 1998 until 2013, and is still a director of that board. In August 2012, Jaap was appointed as the lead independent non-executive director for PSG Group Limited (until mid-2016). Jaap has served, and currently serves, as chairman of various national committees and boards. He was appointed as chairman of KAP Industrial Holdings Limited in 2012, and in 2013, as chairperson of the nomination committee.

Chairman of the board
Chairperson of the nomination committee
JO-GROVE
KJ (Jo) Grové (71)
AMP (Oxford)
Independent non-executive deputy chairman

Jo has more than 20 years’ experience in the financial and banking industry. In 1976, he founded Medical Leasing Services – a company providing specialised financial services to medical doctors. In 1987, the business was sold to the Absa Group, the name was changed to MLS Bank, and Jo was appointed chief executive officer – a position he held until 1995. Jo established Imperial Bank and served on the main board of Imperial Holdings until he joined Unitrans Limited as chief executive officer in September 1998. Following the approval and implementation of Steinhoff’s acquisition of the majority shareholding in Unitrans Limited, he was appointed as a non-executive director of Steinhoff International Holdings Limited (‘Steinhoff’). Subsequently, he became a non-executive alternative director on the Steinhoff board from December 2007, until he resigned from this position in December 2015. In 2012, Jo was appointed as chief executive officer of KAP Industrial Holdings Limited. He stepped down from this position and was appointed executive chairman in November 2014. From January 2017, he fulfilled the role of non-executive deputy chairman until February 2020, when he was recategorised as an independent non-executive director, following an appropriate cooling-off period.

Member of the human capital and remuneration committee
Member of the investment committee
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PK (Patrick) Quarmby (66)
CA(SA) (Hons)
Lead independent non-executive director

Patrick was a partner at Ernst & Young until he relocated overseas in 1987. During his time abroad, he was employed in the Corporate Finance Department of Schroders in London. Patrick became one of the founding directors of Standard Bank in London and established Standard Bank’s presence in Hong Kong. On his return to South Africa in 1996, Patrick was appointed as director of Dimension Data Holdings Limited, responsible for the global expansion of the group. He retired from this position in 2014. Patrick acted as non-executive chairman of Datacraft Asia, an IT services company listed in Singapore, until it delisted in 2008, and as independent non-executive director of Unitrans Limited until the Steinhoff acquisition in 2007. He was appointed as an independent non-executive director of KAP Industrial Holdings Limited in 2012.

Chairperson of the investment committee
Member of the audit and risk committee
Member of the nomination committee
tamara
TC (Tamara) Esau-Isaacs (44)
CA(SA)
Independent non-executive director

Tamara holds a CA(SA) qualification, having started her career at PricewaterhouseCoopers where she ascended to the position of audit partner and also served as the human capital partner for three years. She later joined KPMG and served as the partner in charge of management consulting at their Cape Town office and was a member of the KPMG Consumer Markets forum. She has over 18 years’ professional experience and currently consults independently, specialising in strategy design and implementation at an organisational level.

Tamara serves as an independent non-executive director on the board of PSG Konsult Limited, where she is also a member of the audit, social and ethics, and risk committees. In addition, she was recently appointed chairperson of the University of Cape Town’s School of Accounting Advisory Board. Tamara has a strong social-upliftment background, having served in the Michael and Susan Dell Foundation and having maintained strong involvement in various community-related projects over several years.

Member of the social and ethics committee
Member of the audit and risk committee
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Z (Zellah) Fuphe (52)
BSocSci
Independent non-executive director

Zellah obtained a Bachelors’ degree in Social Sciences from the University of Cape Town and completed the GIBS Global Executive Development Programme in 2015, as well as various other leadership and finance programmes. She is also certified as a Chartered Director (SA) by the Institute of Directors in South Africa. She started her career with Engen Limited (‘Engen’), where she served the company in various roles. Zellah served in various executive positions, including as managing director of Plessey South Africa Proprietary Limited, managing director of the then Worldwide African Investment Holdings Proprietary Limited and as the chief executive officer of Afric Oil Proprietary Limited. She is the executive director of corporate governance for Dimension Data Middle East and Africa (‘Dimension Data’) and is responsible for legal services, risk, compliance, company secretariat, governance and ethics. She is a member of the Dimension Data board and represents the company on a number of its subsidiary boards across the region.

Until recently, Zellah served on the board of AECI Limited and was a member of the company’s risk committee and chaired its social and ethics committee. She also previously served as a non-executive director on the boards of Engen (chairperson of its social and ethics committee), Afric Oil (chairperson), Oceana Group Limited (chairperson of its transformation committee), 18th World Petroleum Council 2005 (chairperson), Worldwide Coal Carolina (chairperson) and the Unisa School of Business Leadership. Zellah was appointed as an independent non-executive director of KAP Industrial Holdings Limited on 1 March 2020.

Member of the social and ethics committee
Member of the audit and risk committee
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KT (Ken) Hopkins (65)
BCom (Hons), CA(SA)
Independent non-executive director

Ken obtained his BCom (Hons) from the University of Cape Town and became a CA(SA) in 1978. He was a partner at Deloitte & Touche and KPMG for more than 30 years, where he specialised in auditing and advising financial institutions. Ken is technically up to date with IFRS, the Companies Act, King IV™ and taxation.

As a retired auditor and full-time professional director, Ken chairs the board of Ewandle Properties Proprietary Limited and serves in a non-executive capacity on the boards of Old Mutual Finance RF Proprietary Limited, Real People Investment Holdings Limited, Infiniti Holdings Limited and 27Four Holdings Limited, where he also chairs the audit and risk committees. Ken is also a member of the social and ethics and remuneration committees of some of these companies. Ken was appointed as an independent non-executive director of KAP Industrial Holdings Limited on
6 December 2019.

Chairperson of the audit and risk committee
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V (Viv) McMenamin (57)
MSc (Economics) (London)
Independent non-executive director

Viv obtained her undergraduate degree from the University of Cape Town, and an MSc Economics degree and a Banking and Finance diploma from the University of London. She completed the Advanced High-Performance Leadership Executive Programme at the International Institute for Management Development in Switzerland. In her early career, Viv served as the secretary general of NUSAS. In mid-2000, she served on the President’s Economic Advisory Panel and on the Anglo American Plc Transformation Committee. In 1992, she received the Helen Suzman Award for Leadership. She has been a member of various not-for-profit boards, including serving as the deputy chair of the South African Association for Marine Biological Research for the protection of the East Indian Ocean for more than a decade. In 2012, she was elected as South Africa’s Most Influential Woman in Business and Government in the Environment, Waste, Forestry and Paper category.

Viv is the chief executive officer of Mondi South Africa, where she earlier held a number of executive positions over a 17-year period. She is a member of the Mondi Plc Executive Committee. She has experience in the industrial and forestry sectors. Viv was appointed as an independent non-executive director of KAP Industrial Holdings Limited on 12 December 2019.

Member of the social and ethics committee
Ipileng
IN (Ipeleng) Mkhari (46)
BSocSci
Independent non-executive director

Ipeleng holds a Bachelor of Social Science degree from the University of Natal. She completed the Executive Development Programme at the University of the Witwatersrand in 2004 and is also an Archbishop Tutu Fellow. Ipeleng co-founded Motseng Investment Holdings Limited in 1998 and she is the chief executive officer. Ipeleng co-founded Delta Property Fund – a company that listed on the Johannesburg Stock Exchange in 2012. She also serves as a non-executive director on the boards of South African Property Owners Association, Attacq and Revego, and is a trustee of the Women’s Property Network Education Trust. Ipeleng was appointed as an independent non-executive director of KAP Industrial Holdings Limited in 2004.

Chairperson of the social and ethics committee
Member of the human capital and remuneration committee
Member of the nomination committee
Steve
SH (Steve) Müller (59)
BAcc (Hons), CA(SA), Sanlam EDP
Independent non-executive director

Steve qualified as a chartered accountant and worked at KPMG from 1983 to 1992. In 1992, he was appointed as senior credit manager at Rand Merchant Bank and, in 1995, joined Genbel Investments. Over the next 13 years, Steve functioned in various capacities within the group, including chief operating officer: Equities of Genbel Securities Limited, as well as executive director of Gensec Bank Limited. He also served as a non-executive director and member of the audit and remuneration committees of various investee companies within the Genbel Securities Group. In 2008, he left the group to pursue his own interests. Steve served as an independent non-executive director and chairman of the audit committee of SACOIL Limited from 2013 to 2016. In January 2018, he was appointed as an independent non-executive director of the Phumelela Gaming and Leisure Limited board and as chairman of the company’s audit committee. In August 2017, Steve became an independent non-executive director of Pepkor Holdings Limited, serving as chairman of the human resources and remuneration committee and as a member of the audit committee. In 2012, Steve was appointed as an independent non-executive director of KAP Industrial Holdings Limited and, in 2014, as chairperson of the KAP human capital and remuneration committee.

Chairperson of the human capital and remuneration committee
Member of the social and ethics committee
Member of the audit and risk committee
Member of the investment committee
Executive committee

An executive committee of the executive directors and senior management of KAP carries out the day-to-day management of the group, as well as the tasks delegated to it by the board. The divisional chief executive officers are members of the executive committee.

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