Maxiprest Aligns Board To Strategic Aims
Brigdestone Firestone Maxiprest Limited
Registration Number: 1988/006456/06
JSE Code: BDS
ISIN Code: ZAE000027447
Press Release
SANDTON - Listed in the Automobiles & Parts sector of the JSE Securities
Exchange lists, Bridgestone Firestone Maxiprest Limited today announced a change
in the responsibilities of two board members in steering the strategic aim of
the group in growing its capability as the dominant tyre management service
provider in the retread and new tyre market in sub-Saharan Africa.
Previously responsible for operational management, Colin Brown has been
appointed CEO of the group. As executive director, Mike Davison will in future
be responsible for corporate strategy. Brown and Davison have for the past two
years jointly shared responsibility as managing directors of the group.
Brown has been involved in the tyre industry since 1975, and has served on the
Bridgestone Firestone Maxiprest board since 1990.
The new structure will ensure that the strategic objectives of the group are
clearly set, implemented, continuously measured in ensuring continued growth and
achievement of the group`s value-based management philosophy: "creating and
enhancing value for all its stakeholders."
The company`s earnings have grown exponentially since listing in 1997. The
recent interim results reported headline earnings increase of 10.8%. Forward
expectations remain favourable in line with industry norms.
End
For more information, please contact:
Mr. CE Brown
Chief Executive Officer
Mr. ME Davison
Director: Corporate Stategy
BRIDGESTONE FIRESTONE MAXIPREST LTD
Tel: (011) 448 2255
Fax: (011) 448 2266
Email: info@maxiprest.co.za
Date: 04/11/2002 04:20:00 PM Produced by the JSE SENS Department
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