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MUR
MUR
MUR - Murray & Roberts Holdings - Appointment of chief executive designate
MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ISIN: ZAE000073441
("Murray & Roberts" or "Group")
APPOINTMENT OF CHIEF EXECUTIVE DESIGNATE
Following the announcement by the board of directors of Murray & Roberts
("Board") on 23 February 2011 that chief executive Brian Bruce and financial
director Roger Rees will retire at the end of the current financial year (30
June 2011), the Board is pleased to announce the appointment of Henry Laas as
chief executive designate in succession to Brian Bruce.
Henry was appointed a director of Murray & Roberts Limited and Murray & Roberts
International Limited during 2007 and will be appointed as an executive director
of Murray & Roberts Holdings Limited from 1 April 2011. More recently, Henry
was appointed as executive chairman of the Group`s Engineering Cluster of
businesses.
His appointment follows an extensive domestic and international search for
candidates. The Board is pleased that an internal candidate has been selected
and is confident that Henry is the best executive to lead Murray & Roberts into
the future.
Henry is 51 years old and holds a B.Eng (Mining) degree from the University of
Pretoria and an MBA from the University of the Witwatersrand.
Henry has extensive experience in the mineral resources and mining contracting
sectors and was managing director of Murray & Roberts Cementation and its
predecessor RUC Mining Contractors for 10 years since joining the Group in
March 2001. During this period he significantly improved the overall performance
profile of the company, strengthening its position in South Africa.
He also played an instrumental role in the global expansion of the Cementation
Group which is internationally recognised as the world`s leading underground
mining contracting company with operations in Africa, Australia, Asia and the
America`s and has a strong track record of successful mine project delivery
worldwide.
This appointment allows an orderly handover of responsibility for the future
of Murray & Roberts over the three months to 30 June 2011, including the
appointment of a finance director successor to Roger Rees.
Bedfordview
31 March 2011
Sponsor
Deutsche Securities (SA) (Pty) Ltd
Date: 31/03/2011 09:30:01 Produced by the JSE SENS Department.
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