CML - Coronation Fund Managers Limited - Board And
CML
CML
CML - Coronation Fund Managers Limited - Board And Management Changes
Coronation Fund Managers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1973/009318/06)
ISIN: ZAE000047353
Share code: CML
("Coronation" or "the Company")
BOARD AND MANAGEMENT CHANGES
Shareholders are advised that Professor Alexandra (Alex) Watson is to be
appointed to the board of directors of the Company with immediate effect.
Professor Watson is an associate professor of Accounting at the University of
Cape Town.
Shareholders are further advised that Mr Louis Stassen is scaling down his
administrative responsibilities and has accordingly stepped down from the board
and as Chief Investment Officer with immediate effect. He retains his executive
portfolio management responsibilities in the Group.
Head of Research Karl Leinberger has been appointed as Chief Investment Officer
with immediate effect.
CEO Hugo Nelson commented: "I respect Louis` wishes to scale down his
administrative burden, to achieve a better day to day balance for health
reasons, knowing he remains a committed cornerstone investor in Coronation and a
leading member of our investment team.
Karl has been working closely with Louis for a number of years and has
thoroughly earned his leadership role of our investment team, which remains
fully intact and consequently well positioned to continue to deliver investment
excellence for our clients.
I welcome Alex to the board. Her insights and experience will no doubt be a
valuable addition."
Cape Town
9 May 2008
Sponsor to Coronation
Deutsche Securities (SA) (Proprietary) Limited
Date: 09/05/2008 16:30:01 Produced by the JSE SENS Department.
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