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BAW
BAW
BAW - Barloworld Limited - Appointment of Chairman and Deputy Chairman
Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Share code: BAW)
(ISIN: ZAE000026639)
("Barloworld")
Barloworld - appointment of Chairman and Deputy Chairman
Barloworld is pleased to announce the appointment of Dumisa Ntsebeza as non-
executive Chairman and Trevor Munday as non-executive Deputy Chairman of the
board of Barloworld Limited. Dumisa was appointed interim Chairman in January
and his position has now been made permanent. These appointments take effect
immediately.
Dumisa Ntsebeza joined the board of Barloworld in 1999. A lawyer by background,
he was admitted as an attorney in 1984. Dumisa served as one of the
commissioners on the Truth and Reconciliation Commission and in 2000 entered the
Bar and has worked in private practice since then. During 2005, he took silk
and on being appointed as Senior Counsel by the State President, he became the
first African advocate in the history of the Cape Bar to be conferred the status
of silk. He is chairman of the Desmond Tutu Peace Trust and a trustee of the
Nelson Mandela Foundation.
Trevor Munday was appointed to the board of Barloworld in January 2007. He was
previously Deputy Chief Executive of Sasol Limited and before that Chief
Financial Officer of the company. He was Managing Director of Polifin Limited
from 1996 to 2000, which at the time was listed on the JSE until the company was
acquired by Sasol.
Trevor has extensive business experience having been a director of companies for
over twenty years. He was recently appointed to the boards of ABSA Group And
ABSA Bank Limited.
The position of deputy chairman has been created recognising the amount of work
required to implement the number of announced strategic actions and support for
the new executive management team at the company.
Dumisa Ntsebeza said:
"I am honoured that the board, on the recommendation of the selection committee
has asked me to become chairman of Barloworld. There is a lot of work to be done
to carry this business forward successfully into the future but I have every
confidence in the executive team under Clive`s leadership that the business will
continue to reward all its stakeholders as it has done for so many years in the
past. Warren Clewlow, the previous chairman, made an enormous contribution over
many years to the company and I hope to be able to follow his example."
Trevor Munday said:
"Barloworld is one of the all time great South African companies. I am honoured
to be appointed Deputy Chairman and look forward to working with Dumisa and the
rest of the board and executive team in helping Barloworld deliver on its
commitments to all its stakeholders as a newly focused global distribution
business."
6 June 2007
Enquiries:
Barloworld
Sibani Mngomezulu
011 445 1433
Group Executive: Governance and Corporate Affairs
Sponsor: J.P.Morgan Equities Limited
Date: 06/06/2007 13:15:01 Produced by the JSE SENS Department.
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