Connection Group Holdings Limited - Changes To The
Connection Group Holdings Limited - Changes To The Board Of Directors
Connection Group Holdings Limited
(Registration number 1997/005390/06)
JSE Code : CCT
ISIN : ZAE000016630
Connection Group is committed to the principles of good corporate governance as
outlined in the King Report on Corporate Governance ("King II"). The company has
therefore decided to change the structure of its board in order to bring it into
line with the recommendations of King II.
Two additional non-executive directors, Mr Gunter Steffens and Mrs Andisiwe
Kawa, have joined the board. Mr Gunter Steffens is the Group Representative &
Geographic Head for Southern Africa of Dresdner Bank AG. Mrs Andisiwe Kawa is a
director of Kwezi Mining, part of the Kwezi Group.
In order to achieve an appropriate balance between executive and non-executive
directors on the board, Mr Michael Dowsley has volunteered to resign as an
executive director. Mr Dowsley joined the board in July 1998 as the Group Human
Resources Director. In September 2001, he assumed responsibility for operations
within Incredible Connection and he currently holds the position of Operations
Director for Incredible Connection. Mr Dowsley continues in this role and
remains an integral and valued member of the executive team. The board wishes to
express its appreciation for Mr Dowsley`s contribution as a director of the
group.
The changes to the board detailed above take effect today, 11 July 2002.
Merchant bank and sponsor
Rand Merchant Bank
Corporate Finance
A division of FirstRand Bank Limited
Date: 11/07/2002 02:31:27 PM Produced by the JSE SENS Department
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