Group Five Limited - Re-structure Of Board Of Dire
GROUP FIVE LIMITED - RE-STRUCTURE OF BOARD OF DIRECTORS
(Registration Number: 1969/000032/06)
(Incorporated in the Republic of South Africa)
Share Code: GRF ISIN Code: ZAE 000027405
("the company")
Re-structure of Board of Directors
A review of the Group Five board, as presently constituted, against the
criteria set out in the King II report has highlighted some shortcomings.
We are therefore pleased to announce the following changes.
Two now non-executive directors have been appointed with effect from 1 July
2002. They are:
* Mr Makgabo Rufus Maruma, and
* Mr Kalaa Katema Mpinga.
Both these gentlemen have enjoyed successful careers and will make an
important contribution to the Group.
Mr Paul le Sueur, who heads up the large and important Buildings business
and whose responsibilities have recently been expanded to embrace the
Group`s international building activities, has volunteered to step down from
the Group Five board in order to give his undivided attention to the
management of the operations under his control.
Mr George Negota, who has been a non-executive director since 26 August
1999, has resigned with effect from 30 June in view of potential conflicts
of interest with his other activities.
Mr Frik Venter has also resigned from the board in order to concentrate on
his new role as Operations Director in the restructured Roads business.
Following these changes, the board will be made up as follows:
Non-Executive Directors Executive Directors
G M Thomas (Chairman) M H Lomas (Chief Executive Officer)
Baroness Lynda Chalker J H Banton
M R Maruma P du Preez
K K Mpinga P J Erasmus
D Paizes H C Turner
GM THOMAS
CHAIRMAN
Rivonia, Johannesburg
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
02 July 2002
Date: 02/07/2002 01:39:06 PM Produced by the SENS Department
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