APK - Astrapak Limited - Changes to the Board of Directors
APK
APK
APK - Astrapak Limited - Changes to the Board of Directors
Astrapak Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1995/009169/06)
Share Code: APK
ISIN: ZAE000096962
("the Company")
CHANGES TO THE BOARD OF DIRECTORS
Shareholders are referred to the interim results announcement released on SENS
on the 22nd of October 2008 ("the SENS announcement") in which the Company
advised and gave details on its intention to re-align the strategic focus of the
Board and to further comply with the King Code of Good Corporate Governance.
The following changes pursuant to the SENS announcement have therefore been made
to the Board of Directors of the Company:
- Mr Harry Todd, the Financial Director, resigned from the Board with effect
from 30 November 2008 as previously reported in the SENS announcement
released on the 7th of November 2008 and Mr Manley Diedloff (the current
Business Development Director) has been appointed as Chief Financial
Officer with effect from 1 December 2008;
- Mr Greg Petzer, Divisional Chief Executive of the Flexible Division, has
resigned from the Board of Directors with effect from 1 December 2008, but
will continue to serve on the Group Executive Committee;
- Mr Johan Venter, Divisional Chief Executive of the Films Division, resigned
from the Board of Directors as at 30 October 2008 and has retired as at 30
November 2008. His replacement on the Group Executive Committee will be
appointed in due course;
- Mr Tshepo Kgage, a non-executive director and one of two Royal Bafokeng
representatives on the Board of Directors, has resigned with effect from 1
December 2008.
The Company is committed to appointing a further independent non-executive as
Chairperson, and will make an announcement on this appointment once a suitable
candidate has been identified.
Sandton
2 December 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 02/12/2008 16:25:08 Produced by the JSE SENS Department.
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