| Tue 2 Mar 2010, 15:22 | | JDG - JD Group Limited - Resignation/Appointment Of Financial Director |
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JDG
JDG
JDG - JD Group Limited - Resignation/Appointment Of Financial Director
JD Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1981/009108/06)
ISIN: ZAE000030771
JSE code: JDG
("JD Group" or "the Group")
RESIGNATION/APPOINTMENT OF FINANCIAL DIRECTOR
In compliance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, the board of directors of JD Group ("the board") hereby notifies its
shareholders that Mr Gerald Volkel, the Group`s Financial Director, has resigned
with effect from 30 April 2010. Gerald has been with the Group for 14 years and
served as Financial Director for the past 12 years. During his tenure with the
Group he has overseen the development of the Finance Department following the
acquisitions of Abra, the Profurn Group, Incredible Connection and more
recently, the change to the company`s operating model.
Management and the board take this opportunity of thanking Gerald for his loyal
and dedicated contribution to the Group and wish him well in his future career.
From a succession perspective, the Group is pleased to announce that Mr Bennie
van Rooy will succeed Gerald with effect from 1 May 2010. Bennie, who is a
Chartered Accountant, joined JD Group from the Absa Group on 1 January 2010 as
Group Financial Controller. During his eight years in the banking and financial
services environments prior to joining JD Group, Bennie gained exposure to
various financial services disciplines, such as mergers and acquisitions, risk
management and financial consulting. He specialised in credit risk management,
capital management and balance sheet optimisation. Bennie will report to the
Group Chief Executive Officer and he will also be joining the JD Group board of
directors with effect from 1 May 2010.
Grattan Kirk, JD Group`s Chief Executive Officer, commented as follows on
Bennie`s appointment: "The role of Group Financial Director is a critical one.
During our search for Gerald`s replacement, we cast our net wide and considered
both internal and external candidates. We are pleased to have found a dynamic
individual such as Bennie, who has proven to be the ideal candidate for the
position. Bennie has a strong and diverse risk and financial management
background and the personality to guide the finance portfolio into the future
and add significant value as the Group advances on the course outlined by its
new operating model."
2 March 2010
Johannesburg
SPONSOR
PSG Capital (Proprietary) Limited
Building No 8, Woodmead Estate,
1 Woodmead Drive, Woodmead, Johannesburg, 2191
Telephone: +27 11 797 8400
Facsimile: +27 11 802 3689
Date: 02/03/2010 15:22:02 Produced by the JSE SENS Department.
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