Mpact is pleased to announce the appointment of Brett Clark as Chief Financial Officer Designate and Executive Director for the recently listed paper and plastics packaging group, effective 1 June 2012. He will officially assume the role of Chief Financial Officer at the beginning of July 2012.
Clark will replace Mpactâ€™s current CFO, Les Leong, who is due to retire at the end of June this year.
â€œWe welcome Brett to Mpact. His extensive experience and a proven track record of working across a broad range of industries make him a valuable addition to the team,â€ said Bruce Strong, CEO of Mpact.
Clark joins Mpact from Absa Capital Private Equity where he held the position of Principal since March 2006. Prior to joining Absa Capital Private Equity, he was the Chief Financial Officer of Clover Industries Limited and Unihold Limited and an Executive Director of Brait Private Equity. Clark has also worked for Nampak Limited in various positions in South Africa and the United Kingdom and qualified as a Chartered Accountant with PricewaterhouseCoopers.
â€œThis appointment is in line with our focus to grow our leading market positions in paper-based and plastic packaging both domestically and in sub-Saharan Africa. Having a strong and effective management team driving Mpactâ€™s strategy implementation is of key importance,â€ concluded Strong.
Mpact is a leading southern African paper and plastics packaging group with revenues of R6.2bn in 2011. Mpact employs 3,500 people at 29 sites, of which 22 are manufacturing sites. Mpact earns approximately 10% of its sales outside of South Africa. It also has plants in Mozambique, Namibia and Zimbabwe.
Mpact has the number one market position in corrugated packaging, recycled-based cartonboard and containerboard, recovered paper collection, PET preforms, styrene trays and plastic jumbo bins. These accounted for approximately 90% of its revenue in 2011.
FTI Consulting â€“ Strategic Communications
Lianne Osterberger +27 (0) 11 214 2414 / +27 (0)83 27 27 313
Chloe Webb +27 (0) 11 214 2421 / +27 (0)83 305 0144
Communications Manager, Mpact +27 (0) 11 994 5500 / +27 (0)76 650 4155