| Tue 5 Aug 2008, 11:45 | | HUG - Huge - Board Apppointment |
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HUG
HUG
HUG - Huge - Board Apppointment
HUGE GROUP LIMITED
(formerly Vanquish Fund Managers Limited)
(Registration number 2006/023587/06)
Share code: HUG & ISIN: ZAE000102042
("Huge" or "the company")
BOARD APPPOINTMENT
In compliance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, the board of directors of Huge are pleased to announce the following
restructure.
With effect from 1 August 2008, Mr Donovan Tredoux has been appointed to the
board of directors.
Mr Donovan Tredoux ("Don") brings with him 20 years of Telecommunications
experience in South Africa, principally in the PABX and cellular industries. He
started his telecoms career with Telkor, a subsidiary of Reunert, in a sales
role and moved into the national sales manager position within three years.
Siemens purchased Telkor to acquire its extensive client base so as to add to
its own footprint. Don was head-hunted by Plessey Telecommunications at the
time and tasked to set up a new Corporate PABX Division. After its successful
implementation and with Plessey`s appetite to venture into the then new cellular
industry, Don was transferred to Aztec Cellular, a joint venture with a UK based
subsidiary of Plessey. Don was one of the first staff members and was tasked
with assisting in the establishment of the business in South Africa. After
three years as the head of sales and distribution, Siemens again approached Don
to join their GSM hardware division as head of Sales and Marketing and to
increase their market share in South Africa, which rose from 2% to 15% during
his tenure. During his employment at Siemens he identified and defined the
opportunity of cellular least cost routing. He left Siemens with an exclusivity
agreement for GSM technologies and in 1996 opened his own business, Redwin
Telecommunications, to bring the solution to the market. In 1997 Ursus, an
international call back provider purchased Redwin, and Orion Cellular was
formed. Don took up the position of managing director and majority shareholder
in the Orion group and remained with them for ten years.
He was also responsible for Sales, research and development, legal and
regulatory matters and their "Blue Sky" strategies. The turnover of the group
grew from an initial R3 million per annum, exceeding R750 million on his
departure at the beginning of 2006. Don is an entrepreneur by nature and has a
flair for identifying technologies and marrying them with marketplaces. He left
Orion to concentrate his efforts in what he identified to be the "next big
opportunity" namely, value added least cost routing solutions and Java platforms
on the mobile handset. Throughout his career, Don has played a very active and
instrumental role in research and development to further the growth and user
experience of the different product offerings. He is technically minded, but
market orientated.
Woodmead
4 August 2008
Designated advisor
Arcay Moela Sponsors (Pty) Limited
(Registration number 2006/033725/07)
Date: 05/08/2008 11:45:01 Produced by the JSE SENS Department.
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