South African Reserve Bank (SARB) director Noluthando Dorian Orleyn has been appointed to the Reunert board as a non-executive director.
The appointment follows a R1.1 billion black economic empowerment deal, which saw 10% of the company's shareholding in black hands. The two-part deal saw Peotona Group Holdings - led by Orleyn, Cheryl Carolus, Dolly Mokgatle and Wendy Lucas-Bull - take 30% of the empowerment stake, while the remainder was allocated to Rebatona Educational Trust.
Earlier this year the National Union of Metalworkers of SA (Numsa) opposed the transaction, calling it narrow-based. The union threatened the company with industrial action should it not be called off.
However, Reunert proceeded with the transaction and last week the company told shareholders the deal had been fully implemented.
An attorney by trade, Orleyn is also a non-executive director of Implats, Mittal Steel and Toyota SA.
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