| Thu 19 Jan 2012, 17:45 | | ALT - Altech - Altech announces resignation of Group Chief Operating Officer |
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ALT - Altech - Altech announces resignation of Group Chief Operating Officer
Allied Technologies Limited
Member of the Altron Group
Incorporated in the Republic of South Africa
(Registration number: 1946/020415/06)
Share code: ALT
ISIN number: ZAE000015251
("Altech" or "the company")
Altech announces resignation of Group Chief Operating Officer
Altech hereby announces the resignation of its Group Chief Operating Officer,
Jeffrey Hedberg, which will be effective from the end of January 2012.
According to Altech CEO, Craig Venter, Hedberg has decided to pursue his career
outside of the Altech Group.
"Jeffrey and I had a discussion and he indicated that he wanted to pursue his
career opportunities elsewhere. During his time with us, Jeffrey brought a great
deal of experience into the Altech Group and we are sorry to see him go, but
understand his motivation for leaving. We wish him all the best in his future
endeavours," said Venter.
Commenting on his resignation, Hedberg had the following to say: "I came into
the Altech Group to work with Craig on his vision to take Altech to the next
level. I enjoyed working with the Altech team and believe that Altech`s
operations are on the right track to securing their market leadership in the
Telecommunications, Multi-media and Information Technology sectors. I wish them
continued success."
Hedberg`s responsibilities will be managed by Altech CEO, Craig Venter and
Divisional Executives until such time as a decision is made on a successor for
the position of Chief Operating Officer. Hedberg will continue to work with the
Group to a date to be mutually agreed upon.
Notes to Editors:
About Allied Technologies Limited
Allied Technologies Limited (Altech) is listed on the Johannesburg Stock
Exchange (JSE). The company focuses on the Telecommunications, Multi-media and
Information Technology (TMT) industries with a global footprint in 14 countries
and employs more than 4 000 employees.
As a leading South African multi-billion rand group, Altech is involved in the
design, development and convergence of Telecommunications, Multi-media systems
and IT solutions.
For further information please contact:
Craig Venter
Chief Executive Officer: Altech
Tel: +27 11 715 9004
Cell: +27 83 236 8000
E-mail: cventer@altech.co.za
and/or
Shenanda Janse van Rensburg
Group Executive: Marketing, PR & Communications - Altech Head Office
Tel: +27 11 715 9031
Mobile: +27 84 777 1977
Email: sjvrensburg@altech.co.za
www.altech.co.za
JSE code: ALT
Johannesburg
19 January 2012
Sponsor and Investment Bank: Investec Limited
Date: 19/01/2012 17:45:01 Produced by the JSE SENS Department.
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