| Thu 25 Oct 2001, 0:00 | | Comparex Appoints New Chairman - Changes To The Bo |
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ISIN Number : ZAE000016812
SIN Number : CPX
COMPAREX APPOINTS NEW CHAIRMAN
(Registration Number: 1994/002506/06)
Russell Chambers set to chair Comparex Holdings Limited
JOHANNESBURG, South Africa - October 25, 2001 - At this mornings Comparex
Holdings' Annual General Meeting it was announced that Russell Chambers,
currently a Comparex Holdings non-executive director, will assume non-
executive chairmanship of the group. Roux Marnitz has decided to retire for
personal reasons.
Marnitz says, "My retirement from Comparex Holdings is purely for personal
reasons, amongst others my desire to devote much more time to my personal
interest in flying and aviation matters. I fully support the direction in
which the executive team and board of Comparex are taking the company and
continue to have the utmost faith in the management and board. I have
declared my willingness to give advice and support to management and board
if and when required."
Comparex Holdings Chief Executive Officer Rian du Plessis says, "I respect
and understand Roux's reasons for stepping down. But what I also know is
that he is still just a phone call away for vision and advice. I am
delighted that Russell has agreed to accept the nomination for chairman of
Comparex and I am sure that he will give leadership at board level with
great distinction."
Chambers has been actively involved with Comparex since 1994 as a non-
executive director. He has been chairman of the remuneration committee and a
member of the audit committee.
Chambers retired during 1999 as Chief Operations Director of Barlow Limited
(now Barloworld) after a long career with the worldwide Barlow Rand group of
companies. He currently holds non-executive directorships with: Barloworld
Limited (worldwide industrial brand management company) as Chairman of the
audit committee and a member of the general purposes and remuneration
Committees; and, Pretoria Portland Cement Company Limited (Cement, Lime,
Transport and Packaging) as Chairman of the compliance committee and a
member of the audit and remuneration committee. Chambers is also a director
of Barloworld Plc, the international arm of Barloworld Limited and serves on
the audit and remuneration committees.
About Comparex
COMPAREX is a leading IT Systems Integrator of business solutions. The group
has offices throughout EMEA (Europe/Middle East/Africa) and a workforce of
more than 6,000. Its annual turnover amounts to approx. Euro 700 million,
approximately half of which is generated in Europe.
Leading companies in Austria, Belgium, Czech Republic, Germany, Hungary,
Luxembourg, Netherlands, Poland, Southern Africa, Slovakia, Spain and the
United Kingdom have chosen COMPAREX as their IT partner. COMPAREX is listed
on the JSE Securities Exchange and trades under the symbol CPX. Further
information on COMPAREX can be obtained at its corporate web sites, which
can be accessed at www.comparexgroup.com.
COMPAREX CONTACT- EMEA
CEO Investor Relations
Rian du Plessis Kate Rushton
Tel.: UK +44 (0) 20 7290 9750 Tel.: +27 (0) 11 266 5361
Mobile +27 (0) 82 551 5578 Mobile+27 (0) 82 659 0782
rian.duplessis@comparex.co.uk kate.rushton@comparex.co.za
