PGR - Peregrine Holdings Limited - Leadership changes at Peregrine
PGR
PGR
PGR - Peregrine Holdings Limited - Leadership changes at Peregrine
Peregrine Holdings Limited
(Registration number 1994/006026/06)
JSE code: PGR ISIN code: ZAE000078127
("Peregrine" or "the company")
LEADERSHIP CHANGES AT PEREGRINE
Pursuant to the announcement of 28 November 2008, Keith Betty who stepped down
as CEO on 1 January 2009, has resigned as a director of the company with effect
from 31 March 2009.
Sean Melnick has relinquished his position as Executive Chairman of the group in
order to assume the role of CEO, which role he has fulfilled in an acting
capacity since 1 January 2009.
Leonard Harris, who has been a non executive director of Peregrine since May
2001, has been appointed as non executive Chairman.
Jan van Niekerk (34) has been appointed as deputy CEO. Van Niekerk, an actuary,
joined Citadel in 2000. He was appointed as Citadel Chief Investment Officer
(CIO) in February 2004 and has been an invitee to Peregrine board meetings for
the past 2 years.
Van Niekerk will retain his current role as CIO of Citadel, which dual role will
require changes in responsibility within Citadel which will be implemented in
due course.
Van Niekerk will assist Melnick in assuming responsibility for the group`s day
to day operations from 1 April 2009. The executive functioning of the Peregrine
group will continue to be augmented by an executive committee comprising several
key individuals within the organisation.
1 April 2009
Sponsor
Java Capital (Proprietary) Limited
Date: 01/04/2009 10:00:01 Produced by the JSE SENS Department.
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