Stuart Morris, who joined the board of Hudaco Industries Limited on 12 January 2009, has announced his intention to retire as independent non- executive director on 30 June 2017. By way of succession, the board announced the appointment of Mark Thompson (64) as independent non-executive director with effect from 20 June 2017. He will also be appointed as a member of the audit and risk management committee, the remuneration committee and the nomination committee. He currently holds non-executive positions with Rand Merchant Bank (member of the audit committee), FirstRand Insurance Services Company Limited (member of the board and chairman of the audit, risk and compliance committee), Rockwood Private Equity (member of the board of one of its major unlisted investments) and is a trustee of a medical research foundation and a member of its investment committee.