Hulamin announces board changes; Leeuw to retire

Hulamin Limited (JSE: HLM) has announced upcoming changes to its board of directors. Thabo Leeuw, the independent non-executive chairman, will retire effective August 31, 2025, after serving on the board since 2007. Paul Baloyi will join the board as an independent non-executive director on April 1, 2025, and will subsequently succeed Leeuw as chairman on September 1, 2025. A structured handover process, overseen by the Nomination and Governance Committee, will begin on April 1, 2025. Baloyi, with over 30 years of experience in the financial services sector, previously held the position of Chief Executive Officer and Managing Director of the Development Bank of Southern Africa (DBSA). The board expressed its gratitude to Leeuw for his service.