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Redefine announces appointment of Diane Radley to its board of directors

Diane Radley, independent, non-executive director of Redefine Properties.
Diane Radley, independent, non-executive director of Redefine Properties.

Redefine Properties has announced the appointment of Diane Radley to its board of directors as an independent, non-executive director with immediate effect.

Diane’s appointment is in line with the company’s stated intention of strengthening governance and board independence, broadening diversity, and bolstering skills on its board.

She is a qualified Chartered Accountant (SA) and an alumnus of Rhodes University. Diane holds an MBA from the Wits Business School and an AMP from Harvard.

Her international experience in her executive capacity as a non-executive director and her extensive board experience includes her roles as chairperson of the Marriot Unit Trust Company (Pty) Ltd., non-executive director at Transaction Capital Ltd., Murray & Roberts Holdings Ltd. and Base Resources Ltd. in Australia. She was previously a non-executive director at Old Mutual Real Estate Holding Company Ltd.

Diane led the Transaction Services Group at PwC which focused on due diligence and valuations on transactions for private equity funds, investment banks, strategic buyers, corporate acquirers, and other equity providers prior to joining Altron as their CFO in 2001.

In 2010, after a three-year term as group finance director at Old Mutual (Emerging Markets), she was appointed CEO of Old Mutual Investment Group until the end of 2016. In her role, she was responsible for the property business and she continued as a non-executive director on the board of Old Mutual Real Estate Holdings Company after leaving Old Mutual.

Sipho Pityana, Chairperson, Redefine Properties comments:

We are delighted to welcome Diane to the board and look forward to working with her. Given her broad investment, real estate and board experience, she will be an invaluable resource as we continue to execute our strategy in a particularly challenging environment”  

Redefine’s gender diversity policy promotes a voluntary target of 40% female representation on the board over a three-year period, while the racial diversity policy promotes a voluntary target of 50% black representation on the board over the same period.

Ms. Radley’s appointment takes Redefine’s female representation on the board to 60%.

Diane’s appointment furthers our efforts to benefit from fresh and diverse perspectives from our independent directors,” concludes Sipho.