CML - Coronation Fund Managers Limited - Coronation CEO to step down
CML
CML
CML - Coronation Fund Managers Limited - Coronation CEO to step down
Coronation Fund Managers Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1973/009318/06)
ISIN: ZAE000047353
JSE share code: CML
("Coronation")
CORONATION CEO TO STEP DOWN
Listed independent fund manager Coronation today announced that Chief Executive
Officer ("CEO"), Hugo Nelson, will step down as CEO on 31 January 2013.
Chief Operating Officer Anton Pillay has been appointed as CEO designate.
Shams Pather, Chairman of the Board of Directors, commented: "Hugo has indicated
to the board his intention to step down as chief executive at a mutually
convenient time to pursue his personal goals. We reluctantly accepted his
decision.
He has contributed significantly to the success of the firm; as an analyst,
portfolio manager and most recently as chief executive.
We are delighted to appoint Anton as CEO designate. We have worked with him for
many years, and he enjoys the trust and confidence of the board and executive."
Hugo Nelson commented: "I`m satisfied that we`ve accomplished what we`ve set
out to do as an executive team and it`s now an opportune time for me to think
about what I may want to do next. I don`t have any definite plans as yet. It`ll
be good to spend more time with my family as we look towards the future."
Cape Town
17 February 2012
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Enquiries
CapitalVoice
Johannes van Niekerk082 921 9110
Refer to www.coronation.com for more information about Coronation.
Date: 17/02/2012 09:30:02 Produced by the JSE SENS Department.
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