| Fri 14 Mar 2008, 7:05 | | DEL - Delta Electrical Industries Limited - Delta |
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DEL - Delta Electrical Industries Limited - Delta Announcement
Delta Electrical Industries Limited
Incorporated in the Republic of South Africa
(Registration number 1919/006020/06)
Share code: DEL & ISIN: ZAE000002036
("Delta" or "the Group")
DELTA ANNOUNCEMENT
Following the board`s decision in December 2007 to close Delta EMD`s Australian
manufacturing facility, EMD production has now ceased in Australia and the
facility will be wound down and decommissioned.
With the future of Delta EMD`s operations now centred in South Africa, the Delta
EMD senior management team will be located in South Africa. Consequently,
Michael Renehan, the Managing Director of the Delta EMD businesses and an
executive director of Delta, who has been based in Australia, will leave the
Group effective 31 March 2008. The board very much appreciates the efforts
Michael has made in very difficult market conditions and wishes him well in the
future.
A search for a Chief Executive has commenced and during the transition period
Todd Atkinson, Non-Executive Chairman of Delta, will serve as Executive Chairman
with Chris Jacobs, Finance Director, Stephen Elliott, Director of Operations,
and Ashley Moore, Director of Sales & Marketing, reporting directly to Todd.
14 March 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14/03/2008 07:05:05 Produced by the JSE SENS Department.
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