BEL - Bell Equipment Limited - Change To The Board Of Directors
BEL
BEL
BEL - Bell Equipment Limited - Change To The Board Of Directors
Bell Equipment Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1968/013656/06)
ISIN: ZAE000028304
Share Code: BEL
("Bell Equipment" or "the Company" or "the Group")
CHANGE TO THE BOARD OF DIRECTORS
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
At the recent board meeting of the directors of Bell Equipment, held on 17
December 2009, Mr Howard Buttery announced his retirement as Chairman and
director of the board of Bell Equipment. Mr Buttery has stated that his decision
is based on his desire to scale down his executive duties in the Bell Equipment
Group enabling him to spend more time with his family and to give more attention
to his personal business interests. Mr Buttery has agreed to continue to assist
the Group in an advisory capacity for the forseeable future.
His retirement will be effective from the Company`s next annual general meeting
to be held on 6 May 2010 upon which date Mr Mike Mun-Gavin, a current director
of the Company, will succeed him as independent non-executive Chairman of the
board. In addition, Mr Leon Goosen will be appointed to the board as an
executive director in line with the Group`s succession planning, also effective
6 May 2010. Mr Andre McDuling will be appointed as an alternate director to both
Messrs Gary Bell and Leon Goosen from this date.
The board and management of the Group wish to express their gratitude to Mr
Buttery for the 32 years of dedicated and loyal service to the Group. His
pioneering role in establishing Bell Equipment as a global player in the heavy
equipment manufacturing and distribution industry and market leader in the South
African articulated dump truck business has been invaluable to the Group.
Richards Bay
18 December 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 18/12/2009 09:05:29 Produced by the JSE SENS Department.
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