AST Group Limited - Changes to the Board of Direct
AST Group Limited - Changes to the Board of Directors
AST GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/021790/06)
(Share code: AAA)
(ISIN : ZAE000027397)
("AST Group" or "AST")
CHANGES TO THE BOARD OF DIRECTORS
The AST Group has made the following changes to the Board of Directors, which is
effective from 4 December 2002:
- Executive Chairman, Gerrie J. de Klerk, has stepped down as an executive
director and will assume the position of non-executive Chairman;
- CEO, Jan J. van Zyl has resigned from the Group to pursue personal
interests;
- John Miller has been appointed CEO whilst maintaining his existing
responsibilities as Sales Director;
- Marthinus Erasmus remains as Group Financial Director and Pieter Bouwer
remains as Group Marketing Director;
- Dr Con Fauconnier, has resigned from the Board due to time constraints;
- Charles Meintjes, currently Executive Director of Corporate Services at
Kumba Resources has been appointed to the board. The AST board welcomes
Charles, who has a strong information technology background and has led
significant reengineering and cost reduction programmes;
- Malcolm Macdonald; Jac van der Walt; Sipho Ndlovu; Jannie Mouton and Mofasi
Lekota remain in their non-Executive director positions.
The changes made to the Board will further enhance the company`s adherence
to good Corporate Governance principles.
The new Board of Directors is meeting on Tuesday 10 December 2002 and a
further update will be provided on SENS on Thursday 12 December 2002.
ENDS
Date: 05/12/2002 02:15:02 PM Produced by the JSE SENS Department
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