APPLETON LIMITED - RESTRUCTURING OF BOARD OF DIREC
APPLETON LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/004031/06)
Share code: ALE
ISIN code: ZAE000027488
("Appleton")
APPLETON LIMITED - RESTRUCTURING OF BOARD OF DIRECTORS
The directors of Appleton are pleased to announce the following changes to
the board which are effective from 1 July 2002:
Wayne Rosenberg, currently chief executive officer, has been appointed
deputy executive chairman and will retain responsibility for the management
of Appleton Securities;
Bruce Sneddon, financial director, has been promoted to chief executive
officer;
Michael Smith has been promoted to financial director;
Brian Biebuyck, a partner of the law practice Sonnenberg, Hoffman and
Galombik, has been appointed as an alternate non-executive director to Deon
de Klerk.
Shareholders are also advised that Scott Campbell, executive director
responsible for Appleton`s international operations, has resigned from the
company to pursue his own interests. The board extends its thanks to Scott
for the valuable role he has played within Appleton.
The board of directors is now constituted as follows
Colin Hultzer - Independent, non-executive chairman
Wayne Rosenberg - Deputy executive chairman
Bruce Sneddon - Chief executive officer
Stanley Shane - Executive director, strategy & corporate finance
Armin Diem - Executive director, asset management
Michael Smith - Financial director
Deon de Klerk - Non-executive director
Brian Biebuyck - Alternate non-executive director
Gail Hunter - Company secretary
This information is disclosed in accordance with Section 3.67 of the JSE
Securities Exchange SA listing requirements.
Cape Town
14 May 2002
Date: 14/05/2002 10:00:00 AM Produced by the SENS Department
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