ATN/ATNP - Allied Electronics Corporation Limited - Appointment of new Chief
ATN ATNP
ATN
ATN/ATNP - Allied Electronics Corporation Limited - Appointment of new Chief
Executive Officer and Chief Operating Officer at Power Technologies (Pty)
Limited
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")
Appointment of New Chief Executive Officer and Chief Operating Officer at Power
Technologies (Pty) Limited
Shareholders are advised that with effect from 1 July 2012, Mr NM Kayton, the
erstwhile chief financial officer of Power Technologies (Pty) Limited
(Powertech) will be appointed as the new chief executive officer of Powertech to
replace Mr N Claussen who has resigned from the Altron group with effect from 30
June 2012.
Neil, who is a qualified chartered accountant by profession, joined Powertech on
1 February 2004 where, in addition to serving on multiple boards within the
Powertech Group, is also a member of the Powertech executive and remuneration
committees.
Shareholders are further advised that with effect from 1 July 2012, Mr L
Viljoen, the current chief executive officer of Powertech Transformers (Pty)
Limited will be appointed as the new chief operating officer of the Powertech
Group.
Leon, who holds a B Eng (Electrical and Electronic) and a MBA (Henley Management
College), has been involved with Powertech for over two decades in various
management capacities and has largely been responsible for developing and
growing the Transformers Division into the market leader in South Africa which
it is today.
Johannesburg
27 June 2012
Sponsor
Investec Bank
Date: 27/06/2012 09:29:04 Produced by the JSE SENS Department.
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