| Tue 2 Nov 2010, 15:43 | | BSR - Basil Read Holdings Limited - Change to executive responsibility to the |
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BSR
BSR
BSR - Basil Read Holdings Limited - Change to executive responsibility to the
board of Basil Read
Basil Read Holdings Limited
Incorporated in the Republic of South Africa
Registration Number 1984/007758/06
Share Code: BSR ISIN: ZAE000029781
("Basil Read") or "the Company" or "the Group")
CHANGE TO EXECUTIVE RESPONSIBILITY TO THE BOARD OF BASIL READ
In compliance with paragraph 3.59(c) of the JSE Limited Listings Requirements,
the Board of Basil Read is pleased to announce the following change in executive
responsibilities:-
Mr. Manuel Donnell Grota Gouveia, currently Group Financial Director, will
assume the role of Deputy Chief Executive Officer with immediate effect.
Gouveia will take responsibility for all current operations and support
structures within the Basil Read Group. In addition to his new
responsibilities, Gouveia will continue to serve as Basil Read`s Finance
Director, until a suitable replacement is appointed.
Corporate Governance
Mr. Christopher John Erasmus, an executive director on the board of Basil Read
(Pty) Limited will assume the role of Chief Operating Officer: Construction with
immediate effect. Furthermore, due to their retirement, Mr. Francois Jacobus
Viljoen van Wyk and Mr. Marthinus Johannes Lombard, who are both directors of
major subsidiaries, will relinquish their duties with immediate effect and from
31 December 2010 respectively, but will remain as consultants to Basil Read.
Boksburg
2 November 2010
Sponsor: Sasfin Capital
(a division of Sasfin Bank Limited)
Date: 02/11/2010 15:43:00 Produced by the JSE SENS Department.
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