ATR - Africa Cellular Towers Limited - Changes to the board of directors
ATR
ATR
ATR - Africa Cellular Towers Limited - Changes to the board of directors
AFRICA CELLULAR TOWERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/027374/06)
JSE code: ATR
ISIN: ZAE000088084
("the Company")
CHANGES TO THE BOARD OF DIRECTORS
Shareholders are advised that on Wednesday 26 January 2011, the following
changes to the Board of Directors of the Company have been approved in order to
align the board to meet the King III Report requirements in terms of good
corporate governance.
- Mr Chris Kruger, founder and previous Executive Chairman, has stepped down
as Executive Chairman of the Company, but will remain as a Non-Executive
Director of the Company where his knowledge and experience will still be
available to the Group.
- Mr Mitesh Patel, former Chairman and Member of the Audit Committee and Risk
Committee, have resigned as Chairman of both committees and member of the
Audit Committee, but will remain a member of the Risk Committee. Mitesh has
accepted the appointment as the Independent Non-Executive Chairman of the
Company.
- We are pleased to announce the appointment of Mr Seth Radebe as an
Independent Non-Executive Director of the Company and Member and Chairman
of the Audit Committee and Risk Committee. Seth is a qualified Chartered
Accountant and brings with him a wealth of experience where he is the
Managing Director of Rebahale Incorporated, Non-Executive Director of Yebo
Yeth (an empowerment vehicle for Vodacom South Africa), member of City of
Johannesburg Metro Group Audit Committee, Non-Executive Chairman of Arthur
Els Actuarial Consulting and former Non-Executive Director and Chairperson
of SAFCOL Audit Committee.
The Company wants to express its appreciation to Chris Kruger for his leadership
over the past 11 years.
27 January 2011
Designated Adviser
Vunani Corporate Finance
Date: 27/01/2011 16:48:01 Produced by the JSE SENS Department.
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