Standard Bank Investment Corporation Limited - Ann
Isin Code : ZAE000014858
Share Code : SBC
Rod Hyde (58) has asked to take retirement a year ahead of schedule. I have
agreed to Rod's request with effect from 1 January 2002.
The bulk of the Operations Utility will be incorporated into Retail,
reporting to Alewyn Burger. Procurement and Facilities will report to Alan
van Biljon as part of Group Finance. These changes will take effect from 1
January 2002.
Rod has served Standard Bank with distinction for 41 years. Since the
formation of the Operations Utility in 1995 he has managed most of the
bank's high volume processes and developed a capability to manage costs and
efficiencies extremely effectively. His input at Group Executive level will
be missed.
I wish him well in his retirement.
Jacko Maree
2001-10-29
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