The Afrikander Lease Limited - Management Changes
Release Date: 12/03/2003 12:16:22 Code(s): AFL
The Afrikander Lease Limited - Management changes
The Afrikander Lease Limited
(Incorporated in the Republic of South Africa)
AFL (JSE) AFKDY (NASDAQ)
(Registration number 1921/006955/06) Share Code: AFL
ISIN Code: ZAE000000253 ("Aflease" or "the company" of "AFL")
Management changes
AFL is pleased to announce that in line with its growth strategy and good
corporate governance requirements of the King Code 2, the roles of Chairman and
Chief Executive Officer will be split. As a result Peter Skeat will become the
Chairman of the company from April 2003 while Neal Froneman has been appointed
the Chief Executive Officer of the AFL group of companies from the same date. In
addition, Marais Steyn has been appointed the Chief Financial Officer from March
2003. Peter Skeat will retain executive responsibility for the open-cast
operations of the enlarged mining operations.
www.aflease.com.
12 March 2003
Date: 12/03/2003 12:16 Supplied by www.sharenet.co.za
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