Sharks shake up hierarchy

Wed, 28 Nov 2012 19:35
Large sharkie with keegan daniel Large daniel plumtree lambie 630 Large bismarck du plessis try 630

The Sharks on Wednesday announced changes to their board of directors which would take effect immediately.

The Sharks on Wednesday announced changes to their board of directors which would take effect immediately.

Stephen Saad and Terry Rosenberg were appointed to the board at the shareholders annual general meeting held in Johannesburg 4 October 4, 2012.

Saad assumes the role of chairperson, previously held by John Swain who now becomes an independent director alongside Rosenberg.

Saad was born in Durban, schooled at Clifton Prep and attended Durban High School. He completed a B Com degree at Howard College campus of the then University of Natal and obtained an Associate Degree with The SA Institute of Charted Accountants.

After completing a stint of competitive rugby in Ireland, he returned to South Africa and started Aspen in 1997. Under his leadership, he developed the company with local and international subsidiaries. The company is currently recognised as a world leader in generic medication including Anti-Retrovirals and is the largest pharmaceutical manufacturing company in Africa.

Aspen also builds clinics, hosts voluntary HIV testing and is committed to up-skilling the local workforce. With operations in Latin America, Europe, Asia and Australia, his plans for the future are focused on expanding Aspen’s global footprint in the emerging market.

Aspen has now been ranked as the best-performing JSE blue chip stock over the past six months. He also set-up Varsity College before selling it to LeisureNet, just four years later. He won the Sunday Times Business Leader of the Year in 2012.

An avid rugby supporter of both the Springboks and the Sharks, he is often found watching the team from his seats at Kings Park. His other passion is cycling, where he recently took part in the Aspen Trans Karoo 240km mountain bike challenge to raise funds for paediatric healthcare in SA.

Saad says his family is his priority, “You have to have balance in your life. I know I’m in balance if I laugh easily and laugh often.” Married with four daughters, he loves spending his spare time with his family at their private game reserve in the Sabi Sands.

Rosenberg has over 35 years of business experience. From 1980 to 1988, he was an International Partner with Anderson Consulting with worldwide responsibility for the firm’s mining practice and Managing Partner.

From 1989 to 1992, he was chairperson of Prefcor Holdings Limited, a public company with over 1 000 retail stores. During the period from 1992 to 1998, he was CEO and deputy chairperson of McCarthy Retail, a large South African conglomerate as well as a non-executive director for five public companies, including Anglo American Industrial Corp and AECI.

Since 1998, Rosenberg has been the chairperson of Oakbrook Investments (Pty) Ltd, an investment house with interests in oil refining, mining, logistics and property. He also sat on the board of Uranium One, a publicly listed Uranium mining company based in Canada, and Chaired SA Bio Products.

Rosenberg started Operation Jumpstart in the 1980s - the first public private partnership in South Africa where they developed a strategy and raised the finance to build the ICC. They also created the Natal Lotto which generated over R300m for charities in KZN.

He is a former chairperson of Tennis South Africa, Business Against Crime and currently chairs Gozololo Centre for Children and the SuperSport Shootout. He also represented Transvaal in tennis and SA in the Vet’s World Cup 2002 in Palm Springs.

Rosenberg holds a B Com Degree and a Masters of Business Administration from the University of the Witwatersrand and has been married to Carol for 38 years, with three children.

Both appointees bring a wealth of experience to the Sharks board, in terms of the shareholders’ strategic plan and vision.

There are currently no matches being played
FIXTURE GMT VENUE
Fri, 06 May 2016
Crusaders v Reds 07h35 Christchurch
Brumbies v Bulls 09h40 Canberra
Griffons v Eagles 15h00 Welkom
EP Kings v Blue Bulls 16h00 Port Elizabeth
Sat, 07 May 2016
Sunwolves v Force 05h15 Tokyo
Chiefs v Highlanders 07h35 Hamilton
Waratahs v Cheetahs 09h40 Sydney
Leopards v Boland 12h30 Potchefstroom
Griquas v Border 13h00 Kimberley
Sharks v Hurricanes 13h00 Durban
Pumas v Namibia 13h00 Mpumalanga
Golden Lions v Free State Cheetahs 13h00 Randburg
Wasps v London Irish 14h30 Ricoh Arena
Worcester Warriors v Saracens 14h30 Sixways
Bath v Leicester Tigers 14h30 Recreation Ground
Gloucester v Northampton Saints 14h30 Kingsholm
Harlequins v Exeter Chiefs 14h30 Twickenham
Newcastle Falcons v Sale Sharks 14h30 Kingston Park
Zebre v Dragons 15h00 Stadio Sergio Lanfranchi
Munster v Scarlets 15h00 Thomond Park
Ospreys v Ulster 15h00 Liberty Stadium
Connacht v Glasgow Warriors 15h00 Sportsground
Edinburgh v Cardiff Blues 15h00 BT Murrayfield
Leinster v Treviso 15h00 RDS
Kings v Blues 15h05 Port Elizabeth
Sharks v Western Province 15h30 Durban
SUPER RUGBY
MORE LOGS
Pool AU
Team P W D L Pts
Rebels 9 5 0 4 23
Brumbies 9 5 0 4 21
Waratahs 8 4 0 4 21
Reds 9 2 1 6 12
Force 9 1 0 8 6
Pool NZ
Team P W D L Pts
Chiefs 9 8 0 1 37
Crusaders 8 7 0 1 32
Hurricanes 9 6 0 3 31
Highlanders 9 6 0 3 28
Blues 8 4 1 3 20
Pool SA1
Team P W D L Pts
Stormers 9 6 0 3 29
Bulls 8 6 1 1 28
Cheetahs 9 2 0 7 12
Sunwolves 8 1 0 7 7
Pool SA2
Team P W D L Pts
Lions 9 6 0 3 27
Sharks 9 4 1 4 23
Jaguares 8 1 0 7 7
Kings 7 1 0 6 4
RELATED ARTICLES