| Wed 21 May 2008, 15:11 | | GRF - Group Five Limited - Appointment of Chief Fi |
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GRF
GRF
GRF - Group Five Limited - Appointment of Chief Financial Officer
Group Five Limited
(Registration number: 1969/000032/06)
(Incorporated in the Republic of South Africa)
Share Code: GRF & ISIN Code: ZAE000027405
("Group Five" or "the group")
Appointment of Chief Financial Officer
The Board of Group Five is pleased to announce the appointment of Cristina
Teixeira as Chief Financial Officer, effective 1 June 2008.
Teixeira has been Group Finance Director since 2007 and has effectively acted as
custodian of the CFO function over the last year. Prior to this, Teixeira was
Group Financial Manager for four years.
To ensure a due and thorough process, the board implemented an internal and
external search process for a new CFO in May last year. After a vigorous
selection process of both internal and external candidates, the board
unanimously supported the appointment of Teixeira as CFO. She has also been
appointed to the group executive committee and will report to CEO Mike Upton.
Teixeira has demonstrated the ability to manage the group`s complex and
demanding financial environment, both locally and in the group`s international
operations in Africa, the Middle East and Eastern Europe. Teixeira has a
thorough understanding of the group`s external environment with respect to
investors, analysts, financiers, insurers and other stakeholders. The group has
enjoyed a number of awards for reporting and disclosure over the past few years
under Teixeira`s guidance.
Cristina completed her articles at Pricewaterhouse Coopers in 2002 before
joining Group Five in 2003 as Group Project Accountant.
Eric Vemer, a member of the group executive committee, will retain his
responsibilities for group Corporate Finance relating to Mergers, Acquisitions
and Investments and Concessions. Vemer and Teixeira will continue to work
closely together.
Sandton
21 May 2008
Sponsor
Nedbank Capital
Date: 21/05/2008 15:11:01 Produced by the JSE SENS Department.
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