| Wed 10 Nov 2010, 15:39 | | JDG - JD Group Limited - Appointment of independent non-executive director |
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JDG
JDG
JDG - JD Group Limited - Appointment of independent non-executive director
JD Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1981/009108/06)
ISIN: ZAE000030771
JSE code: JDG
("JD Group")
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
In compliance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, the board of directors of JD Group ("the board") is pleased to announce
that Mr JH (Jacques) Schindehutte has been appointed as an independent non-
executive director to the board with effect from 10 November 2010.
Jacques is a chartered accountant who served his articles with the then Arthur
Young & Company (now Ernest & Young). He is the past financial director of Absa
Group Limited, a role he occupied for five years up to February 2010. He served
on a number of Absa subsidiaries and Group board subcommittees and was an ex
officio member of the audit committee, the directors` affairs committee as well
as the remuneration committee, amongst others. Prior to joining Absa, Jacques
was employed by Transnet in a number of senior roles over more than a decade.
During his career he has amassed a broad range of experience from disciplines
such as general management, financial services, finance, auditing, marketing,
transport, property development and telephony, to name but a few.
David Sussman, JD Group`s Chairman, commented as follows on the above
appointment: "We are pleased to have appointed a dynamic individual such as
Jacques to serve as an independent non-executive director. Jacques has a wealth
of experience and he will add significant value and bring new insights to board
deliberations."
Following the afore-mentioned appointment, the board is fully King III compliant
in that a majority of its members are non-executive directors. The majority of
the non-executive directors are independent.
10 November 2010
Johannesburg
SPONSOR
PSG Capital (Proprietary) Limited
Date: 10/11/2010 15:39:05 Produced by the JSE SENS Department.
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