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iOCO Leadership

Non-Executive Directors

Jabu Moleketi HeadShot
Jabu Moleketi

Non-executive Director and Board chairman
Remuneration and Nominations Committee 
Social & Ethics Committee

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Veronica Motloutsi
Independent Non-executive Director
Social & Ethics Committee (Chairperson) Remuneration and Nominations Committee Audit and Risk Committee

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Andrew Marshall

Independent Non-executive Director
Audit and Risk Committee
Remuneration and Nominations Committee

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Executive Directors

Rhys Summerton HeadShot
Rhys Summerton

Group Co-Chief Executive Officer

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Ashona Kooblall HeadShot
Ashona Kooblall

Group Chief Financial Officer

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Dennis Venter HeadShot
Dennis Venter

Group Co-Chief Executive Officer
Social and Ethics Committee

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Jabu Moleketi
Non-independent Chairman

Jabu Moleketi HeadShot
B Administration, B Com Economics (Honours)

Appointed 1 September 2020.

Mr Moleketi is a former Deputy Minister of Finance of the Republic of South Africa and Gauteng Province MEC of Finance and Economic Affairs as well as a director of several companies listed on the JSE Limited. He is non-executive Chairman of PPC Limited and non-executive director of Remgro. He holds postgraduate economics and management qualifications from the University of London and Harvard Business School and has extensive international exposure, extensive strategic leadership skills and in-depth corporate governance experience in both the public and private sectors. He is a non-executive director and shareholder of EOH’s black empowerment partner, Lebashe Investment Group.

Committees: Remuneration and Nominations Committee & Social & Ethics Committee

Veronica Motloutsi
Independent Non-executive Director


MTech in Business Information Systems, MBA

Appointed 30 May 2024

Veronica Motloutsi is the founder and CEO of SmartDigital Solutions (Pty) Ltd, a leading company specializing in digital transformation. With over 25 years of extensive experience in the ICT sector, Veronica has established herself as a distinguished leader, both in South Africa and across the broader African continent. She possesses deep industry knowledge and a proven track record in driving ICT innovation and governance excellence. Veronica’s career includes significant roles such as Executive Head of Commercial Operations for International Markets (African operations) at Vodacom and overseeing commercial operations. Group Manager for IT Strategy and Enterprise Architecture at Sun International: Led strategic IT initiatives and enterprise architecture, and Lead Architect for Account Origination and Maintenance at Nedbank where she played a pivotal role in developing and maintaining key banking systems, and Sasol.

Currently, Veronica serves as a non-executive director at SENTECH SOC Limited. She is also the deputy chairperson of the .za Domain Name Authority (ZADNA) and VulaTel. Her comprehensive expertise includes governance and regulatory frameworks, making her a valuable asset in various leadership capacities.

Committees: Social & Ethics Committee (Chairperson) & Remuneration and Nomination Committee

Andrew Marshall
Lead Independent Non-Executive Director


BCom (Honours)

Appointed 1 September 2020.

Andrew started his career in Sales & Marketing with AECI. He moved to their parent company ICI in the UK before returning to South Africa. He was then Managing Director of a number of smaller, privately owned businesses or divisions of a listed group. He was appointed CEO of the listed group Oceana in 1999, and remained there until 2009 when he joined Nampak as CEO. He retired from Nampak in 2014. He is currently the Chairman of Ster Kinekor Theatres.

Committees: Audit and Risk Committee & Remuneration and Nominations Committee

Rhys Summerton
Independent Non-executive Director

Rhys Summerton HeadShot
Investment Decisions And Behavioural Finance,
Harvard Kennedy School Executive Education

Appointed 30 May 2024

Since 2014 Rhys has held the position of founder and investor at Milkwood Capital, a long-term, value oriented, global investment company, based in Windsor, United Kingdom. During this time, Rhys has successfully promoted the value realization of a number of investments through efficient capital allocation and decision-making, by taking stakes in out-of-favour companies and influencing their path to recovery. From 2009 to 2013, Rhys held the position of Managing Director and Global Head of Emerging Market Equity Research at Citigroup, managing the number one ranked research franchise. Prior to that, Rhys was a telecoms and media analyst at Citigroup and Cazenove.

Rhys is currently on the board of Nasdaq-listed Nexxen International and other unlisted investment companies.

Committees: Audit and Risk Committee

Ashona Kooblall
Group Chief Financial Officer

Ashona Kooblall HeadShot
A qualified CA (SA). Ashona has more than 16 years of senior finance experience with a demonstrated history of finance leadership positions within the Technology, FMCG and Retail industries.

Ashona’s expertise spans various fields including Corporate finance, Governance, P&L optimization, Mergers & Acquisitions, business restructuring, cost optimization strategies, business strategy, investor relations, managerial finance, controversy management and strategic planning.

Ashona spent her career at leading JSE listed and multinational companies namely, Barloworld Group, Tiger Brands Group and Nike Inc. She held various senior corporate finance and strategy roles. She has been with the IOCO group for +5 years.

Dennis Venter
Independent Non-executive Director

Dennis Venter HeadShot
CA(SA)

Appointed 30 May 2024

Dennis started his career at PricewaterhouseCoopers before embarking on an entrepreneurial journey which led to him founding Quarry Cats (Pty) Ltd in 1997, a company involved in the supply of construction materials and crushing services to the construction and mining industries and the production of commercial aggregates; which was eventually sold to Group Five Limited in 2007. Thereafter, Dennis grew Atoll as a premier entity for offshore mining operations, overseeing its expansion into lucrative markets, including the United States and Netherlands. He currently oversees a diversified investment portfolio.

Committees: Social and Ethics Committee