AVU - Avusa Limited - Resignation of group chief executive officer
AVU
AVU
AVU - Avusa Limited - Resignation of group chief executive officer
AVUSA LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2008/002461/06)
Share code: AVU ISIN code: ZAE000115895
("Avusa")
RESIGNATION OF GROUP CHIEF EXECUTIVE OFFICER
The Avusa Board wishes to announce that Prakash Desai will be stepping down as
Group Chief Executive Officer and director on Monday, 3 October 2011.
Prakash Desai is presently the longest serving director on the Avusa Board.
Prakash has served, at the highest performance standard, as Group Chief
Executive Officer for the past 5 years and has been with the Group in senior
positions over the past 13 years.
The Board wishes to express its gratitude to Mr Desai for his years of
leadership.
Prakash Desai has tabled, that he will be taking up a new career challenge,
after five years as CEO in Media and Entertainment.
The Board wishes to announce that the current divisional Managing Director of
Media, Michael Robertson, has been appointed Acting Group Chief Executive
Officer with effect from Monday, 3 October 2011. During October, Mr Desai will
work with Mr Robertson to ensure a smooth transition.
Johannesburg
28 September 2011
Sponsor
Nedbank Capital
Date: 28/09/2011 17:05:01 Produced by the JSE SENS Department.
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