| Fri 25 Jan 2008, 14:20 | | NTC - Network Healthcare Holdings Limited - Change in status of director |
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NTC
NTC
NTC - Network Healthcare Holdings Limited - Change in status of director
NETWORK HEALTHCARE HOLDINGS LIMITED
(Registration number 1996/008242/06)
Code: NTC
ISIN number: ZAE000011953
("Netcare" or "the Group")
Change in status of Director
The undermentioned announcement is published in compliance with paragraph 3.59
of the Listing Requirements of the JSE Limited.
The Board of Netcare formally wishes to announce that Mr Michael (Motty) Sacks
advised of his intention to retire as Chairman of the Board with effect from 31
March 2008. Mr Sacks, a founding promoter of the Netcare Group, was appointed
as a director on 25 October 1996 and acted as Executive Chairman until 1 March
2005 on which date his position changed to that of Non-Executive Chairman.
Mr Sacks, who turns 65 on 11 February 2008, will however continue as a Non-
Executive director. Mr Sacks who retired by rotation at Netcare`s Annual
General Meeting held earlier today, offered himself for re-election and was duly
elected.
Mr Sacks has enjoyed a long and distinguished corporate career and over the past
40 years has served as a director, consultant to, and promoter of, inter alia,
several listed companies and institutions.
The Board wishes to express its profound gratitude and appreciation to Mr Sacks
for the immense contribution he has made to the growth and development of
Netcare. Mr Sacks was instrumental in strategically guiding Netcare from a
fledgling enterprise, through its corporate network expansion, into the highly
respected, socially responsible international corporate entity that it is today.
His strategic vision, commercial nous, and entrepreneurial talent will leave a
lasting legacy and rich heritage within Netcare. The Board looks forward to his
continued involvement as a non-executive director.
The Netcare Board Nominations Committee will in due course consider and make
recommendations regarding the appointment of a Non-Executive Chairman.
JOEL WOLPERT
Company Secretary
Tel No: (011) 301-0213
Fax No: (011) 301-0481
E-mail joel.wolpert@netcare.co.za
25 January 2008
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 25/01/2008 14:20:01 Produced by the JSE SENS Department.
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