NMC appoints Jordan as Executive Chairman
Underpinning a proud 34-year heritage the NMC Construction Group has established an exceptional reputation as a designer and builder of industrial, commercial and infrastructure projects.
“In line with the groups commitment to continued transformation we are pleased to announce Mr Phila Jordan as the new Executive Chairman of the NMC Group. Mr Jordan’s 51% stake in NMC takes the total BEE ownership to 63%,” says Shaun Webber, Managing Director.
“Phila Jordan is a well-respected private investor in the mining and construction sectors and has been at the forefront of various BBBEE transactions, in this regard he has gained widespread geographic exposure working with international investors. Through his investments he is currently serving as a director of several companies most recent of which is NMC Group Holdings.
“Mr Jordan comes with knowledge and experience in both the private and public sectors. His skill set will add a new dimension and energy to the business on all fronts. His support of the fundamental values of the NMC brand of trust, people growth, discipline and pride is encouraging, enabling us to continue to operate as a company that builds people who build relationships.
“The acquisition supports and further enhances our shareholding structure, enabling us to improve our supply chain efficiency and broaden our horizons by presenting opportunities to access new markets. New market sectors have already been identified which we believe will increase our market penetration and market share aligned to the National Development Plan. Our long-term goal is to extend our current footprint into the SADC region.”