Hulamin CEO Richard Jacob to step down from his position and plans to retire
The South African company-based company specializing in rolled aluminium products, Hulamin, announced that its Chief Executive Officer, Richard Jacob, will retire at the end of September 2022.
His career at the Pietermaritzburg-based company spans 32 years, and he has served as CEO for 12 of those years.
While the company searches for a new CEO, non-executive director Geoff Watson has been appointed interim CEO. Over the course of his career, Watson has worked for Alcoa Kaal in Australia, Alcoa Bohai (China), Steelforce (Australia), Seema International (Hong Kong), and UC Rusal (Switzerland).
A graduate of the University of Cape Town with an engineering degree, Jacob joined Hulamin in 1990 as an industrial engineer. He was promoted to various positions at Hulamin, including manager for business development and executive in charge of coated products and investor relations. Jacob filled the CEO position in 2010.
The company saw a 34% increase in sales volume in 2021, following a challenging period between 2019 and 2020, as a result, its operating profit increased by 760% to R538 million.
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