Executive directors
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GN (Gary) Chaplin (51)
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, where he fulfilled numerous roles in the 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 (42)
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 and then Steinhoff Africa Holdings Proprietary Limited as a financial manager in 2006. Frans joined PG Bison Proprietary Limited (‘PG Bison’) in 2009 as the group financial manager and was appointed as chief financial officer in 2010. 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
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SP (Penwell) Lunga (46)
BJuris, LLB, MBA, MSc (HR)
Executive director

Penwell joined the Steinhoff group in September 2005 in the position of group industrial relations manager, where he was responsible for the management of labour relations and labour law matters. He joined the KAP Industrial Holdings Limited group in April 2012. In June 2016, he was appointed as the group stakeholder relations executive and was appointed to the executive committee, focusing primarily on industrial relations matters and community interactions in the regions where the group operates. Penwell has extensive experience in industrial relations and has represented the group in various industry-based industrial relations structures. Penwell was appointed as an executive director of KAP Industrial Holdings Limited on 18 November 2021.

Independent non-executive directors
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PK (Patrick) Quarmby (67)
CA(SA) (Hons)
Independent non-executive chairperson

Patrick was a partner at Ernst & Young until he relocated overseas in 1987 to take up a position 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. Patrick was appointed as a director of Dimension Data Holdings Limited in 1996, responsible for the global expansion of the group. He retired from this position in 2014. Patrick was the non-executive chairperson of Datacraft Asia, an IT services company listed in Singapore, until it delisted in 2008, and was an independent non-executive director of Unitrans Limited until Steinhoff acquired it in 2007. Patrick was appointed as an independent non-executive director of KAP Industrial Holdings Limited in 2012. He was appointed as chairperson of the board and of the nomination committee on 18 November 2021.

Chairperson of the nomination committee
Member of the investment committee
JO-GROVE
KJ (Jo) Grové (72)
AMP (Oxford)
Lead independent non-executive director

Jo has more than 20 years’ experience in the financial and banking industry, founding Medical Leasing Services in 1976 and selling it to the Absa Group in 1987. The company name was changed to MLS Bank at this point and Jo was appointed chief executive officer, a position he held until 1995. Jo then 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 acquisition of Unitrans Limited by Steinhoff International Holdings Limited (‘Steinhoff’), he was appointed as a non-executive director of Steinhoff International Holdings Limited (‘Steinhoff’) and later became a non-executive alternative director , until he resigned from this position in December 2015. In 2012, Jo was appointed as chief executive officer of KAP Industrial Holdings Limited and then as executive deputy chairperson in November 2014. In January 2017, Jo officially retired and fulfilled the role of non-executive deputy chairperson. He was recategorised as an independent non-executive director in February 2020, following an appropriate cooling-off period, and was appointed as lead independent non-executive director on 18 November 2018.

Member of the human capital and remuneration committee
Member of the investment committee
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J de V (Jaap) du Toit (67)
BAcc, CA(SA), CTA, CFA
Independent non-executive director

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 founding member of PSG Group Limited in 1996 and acted as a director until mid-2016. He acted as chairperson 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 was appointed as a non-executive director and independent chairperson of KAP Industrial Holdings Limited in 2012, and in 2013, as chairperson of the nomination committee. He stepped down as chairperson on 18 November 2021.

Member of the nomination committee
tamara
TC (Tamara) Esau-Isaacs (45)
CA(SA)
Independent non-executive director

Tamara 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. 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. She was recently appointed chairperson of the University of Cape Town’s School of Accounting Advisory Board. Tamara has a strong social-upliftment background and is a long-standing trustee on the Mitchells Plain Bursary and Role Models Trust. Tamara is a fellow on the Africa Leadership Initiative. Tamara was appointed as an independent non-executive director of KAP Industrial Holdings Limited on 30 June 2021.

Member of the social and ethics committee
Member of the audit and risk committee
Member of the investment committee
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Z (Zellah) Fuphe (53)
BSocSci
Independent non-executive director

Zellah has a Bachelors’ degree in Social Sciences, completed the GIBS Global Executive Development Programme in 2015 and is certified as a Chartered Director (SA) by the Institute of Directors in South Africa. She started her career with Engen Limited (‘Engen’), followed by various executive positions, including as managing director of Plessey South Africa Proprietary Limited, managing director of Worldwide African Investment Holdings Proprietary Limited and as the chief executive officer of Afric Oil Proprietary Limited. She is currently the chief corporate governance officer of Dimension Data Middle East and Africa (‘Dimension Data’) and is a member of the Dimension Data board, representing the company on a number of its subsidiary boards across the region. Zellah has previously served as a non-executive director on the boards of AECI Limited (chairperson of its social and ethics committee and member of its risk committee), 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, and as chairperson of the social and ethics committee on 18 November 2021.

Chairperson of the social and ethics committee
Member of the audit and risk committee
Member of the nomination committee
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KT (Ken) Hopkins (66)
BCom (Hons), CA(SA)
Independent non-executive director

Ken became a CA(SA) in 1978 and was an audit partner at Deloitte & Touche and KPMG for more than 30 years, where he specialised in auditing and advising financial institutions. As a retired audit partner and full-time professional director, Ken chairs the board of Elwandle Properties Proprietary Limited and serves in a non-executive capacity on the boards of Old Mutual Finance RF Proprietary 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 (58)
MSc (Economics) (London)
Independent non-executive director

Viv holds an MSc Economics degree and a Banking and Finance diploma from the University of London, following which she also 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 1992, she received the Helen Suzman Award for Leadership and in mid-2000, she served on the President’s Economic Advisory Panel and on the Anglo American Plc Transformation Committee. 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. 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
Member of the human capital and remuneration committee
Steve
SH (Steve) Müller (60)
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 1995, Steve joined Genbel Investments where he rose to the positions of 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 retired from the group to pursue his own interests. Steve served as an independent non-executive director and chairperson 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 chairperson of the company’s audit committee. In August 2017, Steve became an independent non-executive director of Pepkor Holdings Limited, serving as chairperson of the human resources and remuneration committee and as a member of the audit committee. Steve is a member of SAICA and the Institute of Directors South Africa. Steve was appointed as an independent non-executive director of KAP Industrial Holdings Limited in 2012 and, in 2014, as chairperson of the KAP human capital and remuneration committee. He was appointed as chairperson of the Investment committee on 18 November 2021.

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