Grindrod: Chairman Ivan Clark bows out

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Grindrod chairman Ivan Clark has retired after 37 years with the listed integrated logistics service supplier. He will be replaced as chairman by Mike Hankinson, who has been on the board since December 2009 and is chairman of the remuneration and nomination committee, and the social and ethics committee. Clark, who was Grindrod chief executive from 1999 to 2006, retired on Wednesday after recently turning 70. As chief executive Clark guided the group from a loss of R66 million in 1999 to Marine Money International’s top listed shipping company in the world for 2005 and 2006 as Grindrod grew into a business with offices in more than 38 countries. – Roy Cokayne

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