Nampak Limited announced that as part of the group's turnaround strategy, the Board announced that Mr. Phildon Roux (Mr. Roux) has been appointed as chief executive officer ("CEO") of the Company, with effect from 1 September 2023, having served as interim CEO since April 2023. Mr. Roux has 32 years' experience in the FMCG sector having held numerous executive positions inclusive of CEO, executive and non-executive director. Mr. Roux has previously held board positions as an executive and non-executive director at Pioneer (CEO), Tiger Brands, Oceana, Sea Harvest, Dairybelle, Langeberg and Ashton Foods and as Chairman of Tiauto.

As the CEO of Adcorp Limited, he was instrumental in the turnaround of the organisation. Mr. Roux will be supported by Mr. Glenn Fullerton, who has held the position of the Chief Financial Officer of the Group for the last 8 years, Mr. Michael Dorn, the Chief Restructuring Officer of the Company and the Company's newly appointed executive team.