Brait S.A. - Board Update
Brait S.A.
Societe Anonyme
(Incorporated in Luxembourg)
(RC Luxembourg B-13861)
Share Code: BAT
ISIN: LU0011857645
Board Update
Brait and its Executive Deputy Chairman, Thierry Dalais, have announced that
Dalais has decided to relinquish his executive role at Brait.
The 44-year-old Dalais will remain on Brait`s board and will continue to be
involved in Brait`s private equity funds, with a particular emphasis on sourcing
investment opportunities. In due course he intends to develop his other
interests.
"While I shall still be involved with the group at board level as well as
through direct engagement with its private equity funds, I no longer see a need
for me to play a hands-on part in Brait`s day-to-day management," Dalais said.
"Brait`s continued success is obviously important to me, not least because I
remain a shareholder. However, down the line I can see opportunities in the
investment and advisory field which I am interested in exploring outside of
Brait."
Date: 28/02/2003 08:30:00 AM Supplied by www.sharenet.co.za
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