ATN/ATNP - Allied Electronics Corporation Limited - Resignation of Executive
ATN ATNP
ATN
ATN/ATNP - Allied Electronics Corporation Limited - Resignation of Executive
Director: Norbert Claussen
Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code : ATN ISIN : ZAE000029658
Share Code : ATNP ISIN : ZAE000029666
("Altron" or "the company")
Resignation of Executive Director: Norbert Claussen
In compliance with paragraph 3.59 of the JSE Limited`s Listings
Requirements, shareholders are advised that after 16 years of loyal service
to the Altron group, Mr N Claussen, the chief executive officer of
Powertech, has resigned from the company and the board of Altron with effect
from 30 June 2012 in order to take up an opportunity to invest in a business
unrelated to Altron.
Norbert joined the Altron group in 1996 as the chief executive officer of
Willard Batteries which expanded over five years to become the Powertech
Battery Group, comprising Willard Batteries, Dynamic Batteries, Sabat
Batteries and Battery Technologies. In March 2001 he was appointed the
chief executive officer of Powertech, a position which he has held to date.
An announcement appointing Mr Claussen`s successor as chief executive
officer of Powertech will be made to shareholders in due course.
The board takes this opportunity of thanking Mr Claussen for his valuable
contribution made towards the affairs of the Altron group over the past 16
years.
Johannesburg
2 May 2012
Sponsor
Investec Bank
Date: 02/05/2012 09:00:05 Produced by the JSE SENS Department.
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