SUN INTERNATIONAL LIMITED - Changes to executive directors
SUI 201611040045A
Changes to executive directors
Sun International Limited
(Incorporated in the Republic of South Africa)
(Registration number 1967/007528/06)
Share code: SUI
ISIN: ZAE000097580
("Sun International" or “the Group”)
CHANGES TO EXECUTIVE DIRECTORS
Shareholders are advised that executive director and Chief Executive, Graeme Stephens, will be
leaving the Sun International group at the end of April 2017 to take up another opportunity.
Mr Stephens has been with Sun International for over 5 years and was mandated to achieve a
strategic repositioning of the Group.
By the time of his departure next year the major objectives that were set for him by the board of
directors (“Board”) will have been achieved. Operationally the business has been restructured. The
Group has essentially exited its non-core African assets. The major focus and initiative currently
underway is the construction of Time Square at Menlyn Maine and this is on track for the casino to
open in early April 2017, prior to his departure. As regards the offshore expansion into Latin
America, the merger with Dreams has been achieved, and Sun International now has a controlling
interest in the largest gaming group in Latam.
Mr Stephens will be succeeded as Chief Executive by Anthony Leeming the current Chief Financial
Officer, who will take over with effect from 1 May 2017. Mr Leeming has been with the Group for
17 years, joining as group financial manager in 1999 and has held various group finance roles prior
to his appointment as Chief Financial Officer in March 2013. In this capacity he has worked closely
with the Chief Executive in helping to develop and implement the Group strategy. The Board
believes that the current strategy remains relevant and the short to medium term focus is on
bedding down some of the large initiatives that have been undertaken. In line with Sun
International’s succession plans, Anthony has been groomed to succeed Graeme and has been
integrally involved in all aspects of the strategy, and is ideally suited to step into the Chief
Executive role. The appointment of a new Chief Financial Officer will be announced in due course.
The Board would like to thank Mr Stephens for his significant contribution to repositioning the
Group and wishes him well as he moves on to take up his next challenge.
Sandton
4 November 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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