CSP - Chemical Specialities Limited - Appointment of Chairman
CSP
CSP
CSP - Chemical Specialities Limited - Appointment of Chairman
Chemical Specialities Limited
(Incorporated in the Republic of South Africa)
(Registration number 2005/039947/06)
JSE share code: CSP
ISIN Number: ZAE000109427
("ChemSpec")
Appointment of Chairman
The Board is pleased to announce the appointment of Ivan Clark (`Clark`) as
Independent Non-executive Chairman of ChemSpec. The board is confident that
Clark`s expertise will bring significant additional strategic input to the
business. Clark said after meetings with top management, `I was very impressed
with the growth potential of ChemSpec and its new offices and plant in Canelands
in KwaZulu-Natal ("KZN") and felt that I could add value to the strategic
direction and global expansion plans of the business.`
Clark is presently chairman of Grindrod Limited (`Grindrod`) and Grindrod Bank
Limited. He joined the Grindrod group in 1977 and rose through the ranks to
Chief Executive Officer in 1999. He retired in 2006. He is a past winner of the
KZN Business Man of the Year award by British Airways/Natal Mercury and was a
finalist in the South African Entrepreneur of the Year award in 2006. During his
time at the helm of Grindrod, the business grew from turnover of R100 million to
R8 billion and is presently worth over R12 billion. During this time, Grindrod
was awarded Top Listed Company in South Africa in 2005 and 2006, the Financial
Mail`s Top Company for 2005, 2006 and 2007, the top KZN Company in 2005 and the
No 1, Listed Shipping Company of the World by Marine Money International in 2005
and 2006.
Durban
22 July 2008
Designated Advisor
QuestCo Sponsors (Proprietary)
Limited
Date: 22/07/2008 16:26:15 Produced by the JSE SENS Department.
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