AVMIN APPOINTS NEW CHAIRMAN AND CEO
Anglovaal Mining Limited
Reg. No. 1933/004580/06
56 Main Street, Johannesburg, 2001, South Africa
Phone: (+27 11) 634-9111, Fax: (+27 11) 634-0038
news release
AVMIN APPOINTS NEW CHAIRMAN AND CEO
Johannesburg, Wednesday, 29 May 2002: At today`s meeting of the Board of
Directors of Anglovaal Mining Limited (Avmin), Mr Kennedy Maxwell announced
his intention to retire as Chairman on 30 June 2002 and the Board has
appointed Mr Rick Menell as his successor. Kennedy Maxwell will remain an
Avmin non-executive director and will continue to Chair the Audit and
Remuneration Committees of the Board. Dr Vincent Maphai has resigned as a
non-executive director due to various other commitments and demands. Rick
Menell will continue to work full time for Avmin with responsibility for
Group strategy and stakeholder communication.
Avmin`s Chief Operating Officer, Mr David Murray, will succeed Rick Menell
as the Company`s Chief Executive Officer with effect from 1 July 2002 and
will continue to report to him. Other senior management changes will be
finalised and announced by 30 June 2002.
The Board of Directors thank Kennedy Maxwell, in his role as Chairman, and
Dr Maphai for their expertise, guidance and commitment to the Company during
their terms of office.
ends
Date: 29/05/2002 03:42:00 PM Produced by the SENS Department
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