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PPC extends CEO Matias Cardarelli's contract until 2030 to support turnaround strategy.

Aug 27, 2026•about 3 hours ago

Contract Type

contract

South AfricaManufacturing

Description

PPC has announced an extension of CEO Matias Cardarelli's contract until March 2030, aligning it with the company’s strategic plan. In addition, Cardarelli has been awarded 10-million retention shares valued at approximately R66.3 million as the company continues its turnaround strategy.

Company Information

Company

PPC

Location

South Africa

About

PPC is a leading supplier of materials and solutions in the basic services sector in southern Africa; PPC has 11 cement factories in South Africa, Botswana, DRC, Ethiopia, Rwanda and Zimbabwe.

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