HVL
HVL
HVL - Highveld - Change In Directorate
Highveld Steel and Vanadium Corporation Limited
Registration No. 1960/001900/06
(Incorporated in the Republic of South Africa)
("Highveld" or "the Corporation")
Share code: HVL
ISIN code: ZAE000003422
CHANGE IN DIRECTORATE
WALTER BALLANDINO APPOINTED HIGHVELD`S CEO
Highveld announces that at its meeting held earlier today, the Board of
Directors of Highveld, in which Evraz Group S.A. ("Evraz") is a major
shareholder, has approved the appointment of Walter Ballandino as Chief
Executive Officer of the Corporation effective immediately.
Mr Ballandino succeeds Andre de Nysschen who leaves Highveld after three and a
half years in which he led the Corporation.
Walter Ballandino was born in 1951 in Salisbury, Zimbabwe, and lived there until
he was 16 years old having finished primary and secondary schools.
Mr Ballandino has a broad international knowledge and experience related to the
steel sector. He graduated from the Polytechnic University of Turin, Italy, as
a specialist in mechanical engineering for the steel processes and later held
top managerial positions in both steel companies and companies involved in the
engineering, manufacturing and supply of capital equipment and turn-key projects
in the steel industry in Italy, Germany, the USA, Japan, Russia and Ukraine.
The Highveld Board and staff extend its appreciation to Andre for his
significant contribution to the Corporation since joining in 2003 and wish him
every success in the future.
Highveld, in addition, announces the approval of the appointment of Giuseppe
Mannina as a Non-executive, Non-independent, Director to its Board effective
immediately.
Emalahleni
6 July 2007
Sponsor
J.P. Morgan Equities Limited
Date: 06/07/2007 13:00:03 Produced by the JSE SENS Department.
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