| Thu 20 Sep 2007, 14:57 | | GRF - Group Five Strengthing Its Management Team |
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GRF
GRF
GRF - Group Five Strengthing Its Management Team
Group Five Limited
(Registration number: 1969/000032/06)
(Incorporated in the Republic of South Africa)
(Share Code: GRF ISIN Code: ZAE 000027405)
("Group Five" or "the Group")
GROUP FIVE STRENGTHING ITS MANAGEMENT TEAM
The board of Group Five today announced the appointment of a Group Financial
Director and a Human Resources Director.
In recognition of her contribution to the Group in an expanded role as acting
Head of Finance since July 2007, Cristina Teixeira has been appointed as Group
Financial Director. Junaid Allie has joined Group Five from Eskom in the
position of Group Human Resources Director.
Group Financial Director
Teixeira will continue to be responsible for the financial management and
reporting responsibilities required of a listed entity such as Group Five and
will continue to operate as an assigned member of Group Exco.
She will also be appointed to the construction and manufacturing boards, the
group`s main operating boards. In addition, she will be responsible for Group
IT and shared services.
Teixeira has been responsible for the delivery of many of the Group`s business
improvement initiatives in the areas of administration and controls, reporting
and institutional communications.
The Group continues to search for and shortlist an internationally experienced
CFO with relevant strategic and operational experience. The CFO will be
responsible for the Group`s expanding international businesses and will lead
Group Five`s ability to finance the delivery of its strategy of a balanced
portfolio through both acquisitive and organic growth.
Until a CFO is appointed, Exco member Eric Vemer will continue to look after
Group strategic corporate finance for mergers, acquisitions and disposals and
will work with Teixeira on group capital structuring and related matters.
Human Resources Director
Allie was previously with Eskom Holdings as General Manager of HR, Strategy and
Policy, including setting strategic direction for Eskom Holdings and
subsidiaries. Before that, he worked in an operational role and set up and ran
the HR function for a multinational pharmaceutical company in 15 countries in
Africa, the Middle East and the Mediterranean region before returning to South
Africa where he was instrumental in successfully driving transformation for the
Group.
Allie has significant experience in operational management, strategy and HR
development, both in South Africa and internationally. He will be focusing on
driving Group Five`s human capacity growth and culture change initiatives. He
will join Group Five`s Exco team.
Rivonia
20 September 2007
Sponsor
Nedbank Capital
Date: 20/09/2007 14:57:33 Produced by the JSE SENS Department.
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