| Wed 25 Apr 2012, 14:00 | | CLR\ CLRP - Clover Industries Limited - Clover SA Expands Executive Team; |
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CLR CLRP
CLR
CLR\ CLRP - Clover Industries Limited - Clover SA Expands Executive Team;
Appoints Elton Bosch as a director of Clover SA
CLOVER INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/030429/06)
JSE Ordinary share code: CLR ISIN: ZAE000152377
JSE Preference share code: CLRP ISIN: ZAE000152385
CLOVER SA EXPANDS EXECUTIVE TEAM; APPOINTS ELTON BOSCH AS A DIRECTOR OF CLOVER
SA
Portfolio of responsibilities to include business development, Africa and risk
management
Clover Industries Limited is pleased to announce the appointment of Elton Bosch
to the Clover S.A. Proprietary Limited ("Clover SA") executive committee with
effect from 1 June 2012. Mr Bosch`s portfolio will include business development,
Africa and risk management. He will also serve as a director on the board of
Clover SA.
Elton Bosch will join Clover from Deloitte where he is a partner and the
regional leader responsible for the Deloitte Risk Advisory division in Pretoria.
Mr Bosch holds a BCom (Hons) and CA (SA) qualification.
During his tenure at Deloitte, Elton gained extensive experience in the private
and public sectors and was also extensively involved in Scientific Research at
the CSIR and the ARC, on a host of issues confronting the South African economy,
including agricultural reform. He is registered with IRBA and SAICA, and was a
member of SAICA`s Accounting Practices Committee (APC), which is responsible for
all accounting technical standards in South Africa.
Chief Executive Johann Vorster, commented:
"We are pleased to welcome Elton to Clover SA`s executive team and look forward
to his contribution towards our strategic and operational objectives.
"Elton is known to Clover SA and his appointment forms part of our ongoing
process aimed at identifying the skills to enhance the dynamics within the
company and to best capitalise on the many opportunities following our listing
on the JSE."
ENDS
ENQUIRIES
Clover Industries Limited +27 (0) 11 471 1702
Johann Vorster - Chief Executive +27 (0) 82 462 0083
Manie Roode - Deputy Chief Executive +27 (0) 82 466 7848
College Hill +27 (0) 11 447 3030
Frederic Cornet +27 (0) 83 307 8286
Morne Reinders +27 (0) 82 815 1844
NOTES TO EDITORS
OVERVIEW
Operating in one form or another since 1898, Clover has enjoyed a long and
successful history as part of the development of South Africa`s dairy and Fast
Moving Consumer Goods industry. Today, Clover is a leading and competitive
branded consumer goods and products group operating in South Africa and other
selected African countries with core competencies in:
- The production of dairy and non-dairy consumer products
- The distribution of chilled and ambient consumer products
- The sales and merchandising of fast moving consumer goods
Clover produces and distributes (for itself and other FMCG companies) a diverse
range of dairy and non-dairy consumer products to consumers and customers though
one of the largest and most extensive distribution networks in South Africa. The
business platform, created and sustained by the dairy business, provides the
perfect platform for the Group to reach an extensive cross section of South
African customers and consumers. Clover`s business platform spans the breadth of
the value chain from production to sales and integrates key value-added support
services such as logistics, supply chain management, sales and merchandising.
Clover`s market penetration (Clover delivers to approximately 14,000 delivery
points across South Africa) coupled with its value-added services offering and
high frequency of delivery, positions Clover to exploit attractive opportunities
for organic and acquisitive growth.
Clover was converted from a co-operative society into a public company in 2003.
Subsequent to the conversion, Clover has evolved into a dynamic demand-driven
branded consumer products business with attractive growth prospects. As part of
its evolutionary process, Clover implemented a capital restructuring on 31 May
2010 which was a milestone in Clover`s corporate development and resulted in
both economic benefits and voting control vesting in the ordinary shares. In
addition, the delinking of the ordinary shares from the delivery agreements
enabled persons other than dairy producers to acquire ordinary shares,
facilitating Clover`s ability to raise equity capital. Capital scarcity has
historically been a key constraint for Clover`s growth and development.
CORPORATE STRATEGY
Clover`s corporate strategy is to build onto existing competencies within the
Group and to establish a culture of exceptional performance with a view to
creating a platform for future market expansion.
Key to all of Clover`s activities is the expansion of capacities to share in the
strong growth in consumption in the product segments in which it has a leading
market share.
Clover has identified a unique set of strategic pillars on which the success of
the business is founded. These strategic pillars are managed and measured by the
company across all business activities by means of a Balanced Score Card.
The strategic pillars are:
- To optimise the brand portfolio
- To simplify and reduce costs in the supply chain by changing the
operational model to fit with the business model
- To increase market share through sales and distribution by leveraging off
Clover`s strong distribution capabilities (Clover`s aim is to constantly
redesign service offerings to customers and Principals in order to increase
sales volumes and profitability of the route to market)
- To actively support the business in the most effective and efficient manner
- To constantly adapt Clover`s Human Resources capabilities in order to fit
its business model
- To successfully complete value-enhancing capital projects through proper
planning, project management and the tracking of the business case benefits
and
- to actively seek value-enhancing corporate activity
COMPETITIVE STRENGTHS
Clover is a market leader in the production, distribution, sales and
merchandising of branded consumer goods. Clover`s leading market position is a
result of its ability to leverage its core competencies across its product
portfolio sustained by:
1. An iconic South African consumer brand with market recognition and pricing
power
2. Exposure to an attractive industry with favourable fundamentals
3. Access to one of the largest chilled and ambient distribution networks in
South Africa
4. Value-enhancing optimisation and expansion projects (Project Cielo Blu)
4. Strong and unique relationships with its milk producers
5. Attractive growth opportunities
6. Dynamic management team with significant experience in the dairy and FMCG
business
BRANDS
CLOVER BRANDED CLOVER DUAL- STAND-ALONE ENDORSED NON-CLOVER
PRODUCTS BRANDED PRODUCTS PRODUCTS BRANDING
Milk Milk Beverages Milk
Fresh milk Clover Mmmilk Aquartz Creamline UHT
UHT Milk Clover Great Taste Capri-Sun Cheese
Steri Milk No Fat Tropika Elite
Cheese Clover The One Manhattan Sacca
VP Cheese Ultramel UHT Super M
Processed cheese Beverages Danao Other
slices Clover Krush Butters Elite Skim Milk
Feta Clover Life Erica Powder
Mozzarella Butter and spreads Tulip
Beverages Clover Butro Cheese
Nectar (KZN) butter spread Berg
Other Clover Mooirivier Other
Cream butter Cream cup
Condensed Milk Clover Springbok Kremel
Ghee butter Surromel
Whey Clover Farmstyle
Whey concentrate Cheese
Full Cream Milk Clover Tussers
Powder
Rolled Dry
powders
Buttermilk powder
8g Butter
25 April 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/04/2012 14:00:01 Produced by the JSE SENS Department.
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