| Tue 13 Dec 2011, 16:38 | | WTL - William Tell Holdings Limited - Changes to the board of directors and |
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WTL
WTL
WTL - William Tell Holdings Limited - Changes to the board of directors and
company secretary
WILLIAM TELL HOLDINGS LIMITED
Incorporated in the Republic of South Africa)
Registration Number: 2004/030045/06)
JSE Code: WTL ISIN: ZAE000098133
("William Tell" or "the Company")
CHANGES TO THE BOARD OF DIRECTORS AND COMPANY SECRETARY
1. In compliance with paragraph 3.59(a) and 3.59(b) of the Listings
Requirements of the JSE Limited, shareholders are hereby informed of
the following changes to the Board of Directors of William Tell ("the
Board"):
1.1 The appointment of Mr. Anthony de la Rue ("Anthony") as
independent non-executive director to the Board. Anthony is a
chartered accountant, having commenced his profession in 1972 as
an articled clerk at a Zimbabwean firm of accountants. He became
a partner in 1977 and in 1982, the firm merged with Coopers &
Lybrand. Coopers & Lybrand subsequently merged with Ernst &
Young in 1998 and Anthony became the senior partner and Chief
Executive Officer. As the Zimbabwean and regional lead partner,
Anthony served on the Ernst & Young Global Practice Council for
about 5 years, interacting with the global and country leadership
around the world. He retired in 2004 and moved to South Africa
where he undertakes business and financial consulting work as an
independent consultant, is a non-executive board member of PSV
Holdings Limited and National Bank of Commerce in Tanzania.
Anthony brings a wealth of business experience to his board
positions, with particular focus on organisation, marketing,
finance and accounting, reporting, governance and risk management
and compliance.
1.2 The appointment of Mr. Michele Borello ("Michele") as independent
non-executive director to the Board. Michele is a registered
professional engineer having obtained his degrees at the
University of the Witwatersrand, University of Cape Town and
Henley Management College. Michele is currently Operations
Executive for Genrec Engineering and has previously fulfilled
various managerial roles such as general manager, director,
consulting engineer, product development technologist, project
leader and head of sales and marketing at Scaw Metals - Haggie
Steel Wire Ropes over the past 15 years.
1.3 The appointment of Mr. Rob Scott ("Rob") as independent non-
executive director to the Board. Rob has over 20 years of finance
experience with the last ten years specifically focused in Africa
within the mining industry and general investments. He has held
executive and senior positions with a number of companies, as
well as served on a number of public and private company boards.
He has been involved in companies in South Africa, Angola,
Mozambique, Zimbabwe, DRC, CAR, Rwanda, Tanzania, Kenya, Nigeria,
Niger and Namibia amongst others. Rob has also previously been
involved in hotels, agriculture, shipping, consumer products, and
construction amongst many other industries.
1.4 The appointment of Mr. Barry Philip Lok ("Barry") as non-
executive director to the Board. Barry previously assumed the
position of Chief Executive Officer of William Tell Holdings
Limited. He matriculated from West Ridge High School in
Roodepoort in 1975, served articles with Robert C Palk and Co.
and graduated from Unisa in 1983 after completion of his national
service in 1979. Considering that Barry founded William Tell in
1980, he has an in-depth knowledge of the Company and brings
invaluable experience to the Board.
2. In addition to the above, the Board is pleased to advise shareholders
that Merchantec Proprietary Limited ("Merchantec") has been appointed
as Company Secretary to William Tell with effect from 1 January 2012.
3. The Board wishes to welcome Anthony, Michele, Rob and Merchantec and
looks forward to their contributions to the Company.
Johannesburg
13 December 2011
Designated advisor: PSG Capital (Proprietary) Limited
Date: 13/12/2011 16:38:01 Produced by the JSE SENS Department.
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