| Wed 9 Feb 2011, 10:51 | | ITE - Italtile Limited - Death of Italtile Ltd chief executive officer |
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ITE - Italtile Limited - Death of Italtile Ltd chief executive officer,
Italtile colleagues, and business partners
ITALTILE LIMITED
Share code : ITE
ISIN : ZAE000099123
Reg. No. 1955/000558/06
Incorporated in the Republic of South Africa
("Italtile" or "the Group")
DEATH OF ITALTILE LTD CHIEF EXECUTIVE OFFICER, ITALTILE COLLEAGUES, AND
BUSINESS PARTNERS
It is with great sadness that the Board of directors of Italtile Ltd ("the
Board") announces the untimely death of Mr Gianpaolo Ravazzotti, Chief
Executive Officer of the Group, and eight of his colleagues and business
partners, namely Ms Gia Celori (Italtile Ltd), Ms Marilize Compion (Italtile
Ltd), Mr Sava Di Bella (Prima Bella Bathroom Accessories), Mr Simon
Hirschberg (Grainwave Pty Ltd), Mr Jody Jansen van Rensburg (CTM Alberton),
Ms Aletsia Krause (Italtile Ltd), Ms Bronwyn Parsons (Pilot, Italtile Ltd),
and Ms Alison van Staden (Co-pilot).
Gianpaolo Ravazzotti and his colleagues tragically passed away in an
aeroplane accident on Tuesday, 08 February 2011. The wreckage of the
aircraft has been located in the Robberg area and the bodies of all of the
passengers have been found. A full investigation is underway to determine
the cause of the crash.
Chief Financial Officer, Mr Peter Swatton commented, "On behalf of the Board,
I express my heartfelt sympathy and condolences to the Chairman of the Group,
Mr Gianni Ravazzotti, his wife Annabel and their daughters and Gianpaolo`s
wife, Vanessa and their children, as well as the families of all of the
deceased. The Group will ensure that every effort is made to provide the
counselling and support required by those affected by this tragedy."
The Board will announce its succession plans in due course.
This announcement is in compliance with paragraph 3.59(b) of the Listings
Requirements of the JSE Limited.
9 February 2011
Johannesburg
Date: 09/02/2011 10:51:37 Produced by the JSE SENS Department.
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