| Mon 18 Jun 2012, 8:31 | | JDG - JD Group Limited - Changes to the board of directors of JD Group |
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JDG
JDG
JDG - JD Group Limited - Changes to the board of directors of JD Group
JD Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1981/009108/06)
JSE share code: JDG
ISIN: ZAE000030771
("the Company" or "JD Group")
CHANGES TO THE BOARD OF DIRECTORS OF JD GROUP
In compliance with paragraph 3.59(a) of the Listings Requirements of the JSE
Limited, shareholders are hereby informed that the following persons have been
appointed as non-executive directors to the board of directors of JD Group ("the
Board"), with effect from close of business on 15 June 2012:
- Mr Markus Johannes Jooste (Markus) (51)
BAcc, CA(SA)
Markus acts as Chief Executive Officer of Steinhoff International Holdings
Limited. He is Chairman of Steinhoff Africa Holdings (Pty) Limited and is
also responsible for the Steinhoff group`s Northern Hemisphere Operations.
He serves on the boards of various unlisted Steinhoff group companies, as
well as the following listed companies: Capitec Bank Holdings Limited,
Capitec Bank Limited, KAP International Holdings Limited, Phumelela Gaming
and Leisure Limited and PSG Group Limited.
- Mr Daniel Maree van der Merwe (Danie) (54)
BComm, LLB
Danie is Chief Executive Officer for the Steinhoff group`s Southern
Hemisphere Operations, which includes Steinhoff Africa and Asia Pacific.
He serves on various boards within the Steinhoff group and is also on the
board of KAP International Holdings Limited.
- Mr Andries Benjamin la Grange (Ben) (38)
BComm (Law), BCommHons (Financial Accounting)
CTA, CA(SA)
Ben is an alternate director on the Steinhoff International Holdings
Limited board and currently acts as Chief Financial Officer of the
Steinhoff Southern Hemisphere Operations. He is also an independent member
of the board and audit committee of KAP International Holdings Limited.
Markus has also been appointed as a member of the JD Group Remuneration
Committee, whilst Ben will be a permanent invitee on the JD Group Audit
Committee. At the same time, Dr Len Konar will hand-over the chairmanship of
the Remuneration Committee to Vusi Khanyile, JD Group`s Lead Independent Non-
Executive Director.
David Sussman, JD Group`s Chairman, commented as follows on the above
appointment: "The Board welcomes Markus, Danie and Ben and we are pleased to
have appointed such dynamic individuals as non-executive directors. They all
have a wealth of experience and will add significant value and bring new
insights to Board deliberations. We are looking forward to their contribution."
Following the aforementioned appointments, the Board remains fully King III
compliant in that a majority of its members are non-executive directors, of whom
the majority are independent.
Johannesburg
18 June 2012
Sponsor
PSG Capital Proprietary Limited
Date: 18/06/2012 08:31:01 Produced by the JSE SENS Department.
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