Mr Rob Dow has stepped down as chief executive officer of AMB Holdings, as
part of a management restructure that is designed to take the company into a
new phase of empowerment. He will remain as a non-executive director.
Mr Dow will be succeeded by the current deputy chief executive officer, Mr
Andrew Sprague, who will lead AMB's new empowerment initiative.
Other elements of the management restructure include the appointments of:
* Mr Owen Maubane as deputy chief executive officer
* Mr Zenzo Lusengo as head of equity operations, and
* Mr Chris Volsoo as head of debt and treasury activities
All new appointments are effective 11 March 2002.
AMB is indebted to Mr Dow for his valuable leadership and contribution to
the performance of the company in the past seven years since inception.
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