| Tue 3 Nov 2015, 12:52 | | WORKFORCE HOLDINGS LIMITED - Change to the board of directors resignation of CEO and change in function of executive chairman |
|
WKF 201511030032A
Change to the board of directors – resignation of CEO and change in function of executive chairman
Workforce Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 2006/018145/06)
Share code: WKF ISIN: ZAE000087847
(“Workforce” or “the Company” or “the Group”)
CHANGE TO THE BOARD OF DIRECTORS – RESIGNATION OF CEO AND CHANGE IN FUNCTION
OF EXECUTIVE CHAIRMAN
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of directors of
Workforce (“the Board”) hereby notifies shareholders that Mr Lawrence Diamond has resigned as chief
executive officer and executive director, with effect from 31 December 2015, in order to pursue personal
interests.
With effect from 31 December 2015, Mr Ronald Katz, the founder and executive chairman of the Group, will
be interim chief executive officer, until a further announcement is made.
We wish to thank Mr Diamond for his contribution to the Group since his appointment as chief executive
officer, and wish him every success with his next venture.
Furthermore, the Board is pleased to announce that Mr Sean Momberg will be appointed as managing
director of the Workforce Group Proprietary Limited. Mr Momberg has been in the Group for the last eighteen
years, and currently holds the position of regional director for Western-, Eastern- and Northern Cape where
he has been instrumental in growing the profitability of these regions substantially.
We believe that the appointment of Mr Momberg will contribute positively to the future of the Group, and that
it will contribute to the continued growth which the Group is currently experiencing.
Johannesburg
3 November 2015
Designated Adviser
Merchantec Capital
Date: 03/11/2015 12:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
