New Absa Executive Structure Effective 1 April 200
ABSA GROUP LIMITED
IN ACCORDANCE WITH THE REQUIREMENTS OF PARAGRAPH 3.67 OF THE LISTINGS
REQUIREMENTS, THE FOLLOWING SHOULD BE NOTED:
The Absa Group today announced that Mr AA (Alwyn) Noeth, one of Absa's Group
Executive Directors and a Director on the board of Absa Group Limited, will
retire at the end of March 2001 after 32 years of remarkable service. Mr Noeth
has been assigned to manage a special project for Absa after the end of March.
Mr AM (Bert) Griesel, Group Executive Director, will take over the management
of Mr Noeth's portfolio. The executive team of Absa's retail bank will be
further strengthened by the appointment of two new executive directors, Mr JP
(Pieter) van der Merwe and Mr LL (Louis) von Zeuner.
Mr FJ (Frans) du Toit, Group Executive Director, has been appointed to the
board of Absa Group Limited.
The composition of the Absa Group Limited board as at 1 April 2001 will
accordingly be as follows:
D C CRONJE (CHAIRMAN)
D C BRINK (DEPUTY CHAIRMAN)
*E R BOSMAN (GROUP CHIEF EXECUTIVE)
L BOYD
B P CONNELLAN
A S DU PLESSIS
*F J DU TOIT
L N JONKER
P DU P KRUGER
D F MOSTERT
H L SHILL
F A SONN
P E I SWARTZ
T VAN WYK
* EXECUTIVE
Queries can be directed to myself on (011) 350-6855 or Mr Bert Griesel on (011)
350 6606.
ER Bosman
Group Chief Executive
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