| Mon 9 Feb 2009, 8:10 | | ABU - a.b.e Construction Chemicals - Changes To The Board Of Directors |
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ABU
ABU
ABU - a.b.e Construction Chemicals - Changes To The Board Of Directors
a.b.e CONSTRUCTION CHEMICALS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1982/005383/06)
Share code: ABU ISIN: ZAE000102059
("a.b.e" or "the company")
CHANGES TO THE BOARD OF DIRECTORS
In compliance with rules 3.59(b) and (c) of the Listings Requirements of the JSE
Limited, the board of directors of a.b.e is pleased to announce the appointments
of Ralph Patmore and Mike Meehan as independent non-executive directors and Ian
Hague as executive director of the Board, effective 5 February 2009. Mike will
fulfil the role of Chairman of the a.b.e. audit committee and Ralph will be
chairman of the a.b.e remuneration committee.
Ralph brings a valuable 10 years of building materials distribution experience
from his former position as CEO of Iliad and a wealth of industrial
manufacturing experience from his time as director of Everite and later as
director of Group Five amongst other directorship positions of subsidiaries
within the Unihold and Malbak Groups, prior to his appointment as CEO of Iliad
in 1998. Ralph also serves on the board of William Tell Holdings Limited as a
non-executive director.
Mike completed his articles and practiced as a Chartered Accountant in Durban
before commencing a 23-year career in shipping and ship owning with the Grindrod
Group, where he served as a main board director, as Chief Executive Officer of
Unicorn Shipping and Chief Executive Officer of the listed Griffin Shipping
Holdings. He subsequently co-founded and listed Trematon Capital Investments.
He has filled the roles of President of the Durban Chamber of Commerce and
President of the South African Ship Owners Association. He now operates in the
property, investment, venture capital and business consultancy fields in
Durban. Mike also serves on the boards of Rare Holdings Limited and William
Tell Holdings Limited as a non-executive director.
Ian graduated at Coventry, England and emigrated to South Africa in 1975
whereafter he attained his Graduate Diploma in Engineering from the University
of the Witwatersrand. He commenced employment as a design engineer at Stewart
Sviridov & Oliver in 1975 and then joined Concor Construction in 1978 as Project
Engineer. In 1996, Ian joined Joy Mining Machinery as Marketing Services Manager
and in 2000 he moved to Degussa, which was later acquired by BASF Construction
Chemicals, as Managing Director to Degussa and Commercial Director at BASF
Construction Chemicals. Ian joined a.b.e in 2007 and currently leads the
Construction division of a.b.e.
The board congratulates Ian on his appointment and welcomes Ralph and Mike to
the board. The board believes that the extensive experience of both Ralph and
Mike will add tremendous value to the board`s strategic and independent
thinking.
Johannesburg
9 February 2009
Designated Adviser: PSG Capital (Pty) Ltd
Date: 09/02/2009 08:10:03 Produced by the JSE SENS Department.
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