The board wishes to express its appreciation to Rael Gordon, the managing
director of Investment Solutions from inception to 31 March 2002, for his
contribution to the success of the business over the last four and a half
years. The directors wish Rael every success in his new role at Alexander
Forbes Limited.
Steven Braudo was appointed managing director of the group with effect from
1 April 2002 and the board has every confidence that the business will
continue to flourish under the guidance of Steven and the executive team.
Leon Lewis will succeed Peet van der Walt as non-executive chairman on 1
July 2002. The board wishes to thank Peet for his contribution as chairman
and is pleased that he has agreed to remain on the board as a non-executive
director.
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