| Thu 30 Aug 2007, 7:38 | | SKJ - Sekunjalo - Press Release: Sekunjalo Announc |
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SKJ
SKJ
SKJ - Sekunjalo - Press Release: Sekunjalo Announces Changes To Board Of
Directors: Appoints New CEO
SEKUNJALO INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1996/006093/06)
ISIN: ZAE000017893
Share Code: SKJ
("Sekunjalo")
PRESS RELEASE: SEKUNJALO ANNOUNCES CHANGES TO BOARD OF DIRECTORS: APPOINTS NEW
CEO
Sekunjalo Investments has announced changes to its Board of Directors, effective
30 August 2007, to further promote and entrench good governance within the
Group.
During the last year, Dr. Iqbal Surve, Sekunjalo`s CEO took on the additional
role of Chairman. In accordance with JSE requirements that these two roles be
separated, Dr Surve has relinquished the role of CEO and will remain the
Executive Chairperson of Sekunjalo. He will continue to provide stewardship to
Sekunjalo in this role.
Mohammed "Mo" Kajee has been appointed CEO of the Group. Mo Kajee has had
a distinguished career at Sekunjalo. Alongside Dr Surve, he was one of the
founding members as well as the first Financial Director of Sekunjalo. In
mid- 2000 he took on the challenging task of heading up Sekunjalo`s largest
subsidiary, Premier Fishing, a position he left in 2004 to become the MD
of I & J. He made a timely return to the Group in 2006 when he was
appointed CFO and has played a significant role in the Group`s diversification
and growth.
Norman Noland, who has been the Deputy CEO since 2005, has been appointed
as Non- Executive Deputy Chairperson. His comprehensive corporate and banking
experience will continue to be utilised to Sekunjalo`s advantage.
Khalid Abdulla, has been appointed as the new Chief Financial Officer (CFO) of
Sekunjalo. This appointment should come as no surprise to those who have worked
and engaged with him on a business level. He has provided leadership at
subsidiary and divisional level, most recently as the CEO of Sekunjalo Capital.
Dr Surve, expressed his confidence in Mo Kajee on his appointment to the
challenging role of Sekunjalo CEO,
"The time has come for me to hand over the reigns. Sekunjalo is ready for this
change. I have no doubt that Mo will be an excellent CEO and the Board, in
making this tough decision, has taken his excellent record into account, as
well as the future requirements of Sekunjalo".
Dr Surve and Norman Noland will be utilising their considerable experience to
focus on the listing of two Sekunjalo divisions, one of which (namely
Biotechnology), is expected to be an offshore listing, as well as the creation
of an international private equity fund.
Ends.
For more information contact:
Mo Kajee
CEO: Sekunjalo Investments Ltd
Tel: 021 702 7700
Mobile: 082 4616580
Email: mok@sekunjalo.com
Zenariah Barends
Executive Director
Sekunjalo Corporate Services
Tel: 021 702 7700
Mobile: 082 441 0433
Email: zenariahb@sekunjalo.com
Date: 30/08/2007 07:38:12 Produced by the JSE SENS Department.
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