MAXTEC LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1998/004039/06)
("MAXTEC")
SHARE CODE: MEC
ISIN CODE: ZAE 000016721
RESIGNATION OF GROUP MANAGING DIRECTOR
IN TERMS OF SECTION 3.67 OF THE LISTING REQUIREMENTS, THE BOARD OF DIRECTORS
OF Maxtec Limited HAS ANNOUNCED TODAY THE RESIGNATION OF MR Graham Hayes as
group managing director with specific responsibility for the ESS division.
HAYES SERVED ON THE BOARD SINCE 25 October 1999. HAYES' RESIGNATION
YESTERDAY IS WITH RETROSPECTIVE EFFECT TO THE 1 SEPTEMBER 2001. In future,
Hayes will be pursuing emerging business opportunities in the storage
market.
With his valuable business network and experience in the storage solutions
arena, Hayes will continue his association with the Maxtec group AS Business
Partner specialising in storage solutions for the banking sector
GEORGE TALBOT, EXECUTIVE CHAIRMAN OF THE MAXTEC GROUP, WILL BE TAKING ON THE
OVERALL MANAGEMENT OF THE GROUP.
GRAHAM HAYES
PO BOX 69938, BRYANSTON, 2021
TEL: (011) 803-6635
RIVONIA
18 SEPTEMBER 2001
AC WILSON
GROUP FINANCIAL DIRECTOR
MAXTEC LIMITED
POSTAL ADDRESS: PO BOX 69938, BRYANSTON, 2021
STREET ADDRESS: 1-8TH AVENUE, RIVONIA, SANDTON
TEL: (011) 803-6635 FAX: (011) 803-4668
E-MAIL: carey@maxtec-group.com
Directors: GLB Talbot (Executive Chairman) WPP Hutton (Executive Director)
AC Wilson (Group Financial Director) SA Bakaniozos (Executive Director) LJ
Talbot (Executive Director) DH Rabin (Non-Executive Director) GM Sinclair
(Non-Executive Director)
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