Aspen Pharmacare Holdings Limited ("Aspen") has announced a restructuring of
its board of directors. As a consequence of Mark Lotter's appointment to
spearhead Aspen's European Operations he has stepped down from the board,
effective 30 May 2001, to focus his attention on the establishment of
Aspen's presence in that region. His successor as Chief Executive: South
African Operations, Linda Philip, has been appointed to the board effective
1 June 2001. Martin Krok has resigned from the board on 22 June 2001,
following the dilution of the Krok family's interest in Aspen through the
share buy-back of 18,8 million shares in May 2001. With effect from 5 July
2001, Fernando de Nobrega came off the board as a result of Aspen's disposal
of Twincare and Steve Sturlese has taken early retirement, effective 29 June
2001, but remains available to Aspen as a consultant. David Nurek, whose
non-executive directorships include, amongst others, New Clicks Holdings
Limited, Foschini Limited and Pick `n Pay Holdings Limited has been
appointed as a non-executive director effective today. Aspen expects to
announce the appointment of additional non-executives in the near future to
further strengthen its board of directors.
Durban
18 July 2001
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
