Appointment Of Ceo Of The Tongaat-hulett Group Lim
C M L Savage From Executive Duties
The Board of The Tongaat-Hulett Group Limited is pleased to announce
that Mr Peter H Staude, currently Managing Director of Hulett Aluminium
(Pty) Limited, has been appointed Chief Executive Officer of The
Tongaat-Hulett Group Limited with effect from 10 May 2002, the date of
the forthcoming Annual General Meeting. He succeeds Mr Cedric M L
Savage, who will be retiring from executive duties on the same date.
Mr Staude has held various operational and managerial positions at
Hulett Aluminium since 1978, including the position of Managing
Director of Hulett Aluminium Rolled Products since 1990 and Managing
Director of Hulett
Aluminium since 1996. He has served as a director of the Group Board
since 1996, and has been a member of the Executive Committee of the
Board since 1997. As additional duties, he was appointed a Director of
the Sugar Division in January 2000 and non-executive Chairman of the
Starch & Glucose division in May 2000.
Mr Staude will also become Chairman of Hulett Aluminium from 10 May
2002. This will result in some management changes within that company,
and a further announcement will be made in due course.
Mr Savage has served the company for 24 years, of which 21 years were
as an Executive Director of the Group Board. In the past 2 years he has
carried out the dual role of CEO and Chairman of the Board. M A KENNEDY
Group Secretary 28 January 2002
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