BVT - The Bidvest Group - David Cleasby becomes Bi
BVT
BVT
BVT - The Bidvest Group - David Cleasby becomes Bidvest financial director
Press Release
THE BIDVEST GROUP LIMITED
("Bidvest")
Registration number: 1946/021180/06
Share code: BVT & ISIN ZAE000050449
David Cleasby becomes Bidvest financial director
David Cleasby, who was appointed as financial director designate last year, will
assume full responsibility with effect from July 9 2007. Cleasby was also head
of group corporate finance and investor relations succeeds Peter Nyman. Nyman
will remain an executive director with scaled down responsibilities focussing on
special projects prior to his pending retirement.
Bidvest CEO Brian Joffe commented: "It is testimony to the strength in depth of
Bidvest management that we were able to call on internal resources when
implementing the succession plan for an executive of the calibre of Peter
Nyman".
"He has made a tremendous contribution to Bidvest over almost two decades. I
salute him for his input and am pleased he is willing to continue his
involvement with Bidvest, albeit in a lesser role."
"David Cleasby has taken the reins in recent months, achieving a seamless
transition while laying the groundwork for renewed growth and success. I wish
him well in his new position."
David Cleasby is a chartered accountant and former financial director of Rennies
Terminals and Island View Storage, part of the Bidfreight division. He moved to
Bidvest`s corporate office in 2001 to head corporate finance and investor
relations.
ISSUED ON BEHALF OF: THE BIDVEST GROUP LIMITED
BY: CLEAR DISTINCTION COMMUNICATIONS
CONSULTANCY CONTACT: Carol Dundas
Tel: (011) 444 0650
Mobile: (083) 447 6648
Date: 09/07/2007 12:40:13 Produced by the JSE SENS Department.
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