Durban - The Sharks announced changes to the board of directors which
would take effect immediately.
Stephen Saad and Terry Rosenberg were
appointed to the board at the annual shareholders AGM held in Johannesburg on 4
Saad assumes the role of chairperson, previously held by
John Swain who now becomes an independent director alongside Rosenberg.
Saad was born in Durban, schooled at Clifton Prep
and attended Durban High School. He completed a B Com degree at Howard College
campus of the then University of Natal and obtained an Associate Degree with
The SA Institute of Charted Accountants.
After completing a stint of
competitive rugby in Ireland, he returned to South Africa and started Aspen in
1997. Under his leadership, he developed the company with local and
international subsidiaries. The company is currently recognised as a world
leader in generic medication including Anti-Retrovirals and is the largest
pharmaceutical manufacturing company in Africa.
Aspen also builds clinics,
hosts voluntary HIV testing and is committed to up-skilling the local
workforce. With operations in Latin America, Europe, Asia and Australia, his
plans for the future are focused on expanding Aspen’s global footprint in the
Aspen has now been ranked as the best-performing JSE blue chip
stock over the past six months. He also set-up Varsity College before selling
it to LeisureNet, just four years later. He won the Sunday Times Business
Leader of the Year in 2012.
An avid rugby supporter of both the Springboks and the
Sharks, he is often found watching the team from his seats at Kings Park. His other passion is cycling, where he recently took part in the Aspen
Trans Karoo 240km mountain bike challenge to raise funds for paediatric
healthcare in SA.
Saad says his family is his priority, “You have to have
balance in your life. I know I’m in balance if I laugh easily and laugh often.”
Married with four daughters, he loves spending his spare time with his family
at their private game reserve in the Sabi Sands.
Rosenberg has over 35 years of business experience.
From 1980 to 1988, he was an International Partner with Anderson Consulting
with worldwide responsibility for the firm’s mining practice and Managing
From 1989 to 1992, he was chairperson of Prefcor Holdings Limited, a
public company with over 1 000 retail stores. During the period from 1992 to
1998, he was CEO and deputy chairperson of McCarthy Retail, a large South African
conglomerate as well as a non-executive director for five public companies,
including Anglo American Industrial Corp and AECI.
Since 1998, Rosenberg has been
the chairperson of Oakbrook Investments (Pty) Ltd, an investment house with
interests in oil refining, mining, logistics and property. He also sat on the
board of Uranium One, a publicly listed Uranium mining company based in Canada,
and Chaired SA Bio Products.
Rosenberg started Operation Jumpstart in the 1980s - the first
public private partnership in South Africa where they developed a strategy and
raised the finance to build the ICC. They also created the Natal Lotto which
generated over R300m for charities in KZN.
He is a former chairperson of
Tennis South Africa, Business Against Crime and currently chairs Gozololo
Centre for Children and the SuperSport Shootout. He also represented Transvaal
in tennis and SA in the Vet’s World Cup 2002 in Palm Springs.
Rosenberg holds a
B Com Degree and a Masters of Business Administration from the University of
the Witwatersrand and has been married to Carol for 38 years, with three
Both appointees bring a wealth of experience to the Sharks
board, in terms of the shareholders’ strategic plan and vision.