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City Lodge Hotels Limited
("the company")
Registration number 1986/002864/06
ISIN: ZAE000001483
JSE Code: CLH
DIRECTORATE CHANGES
In compliance with section 3.67 of the JSE Securities Exchange"s listings
requirements, the following information is disclosed:
Mr Hans Enderle, founder of the City Lodge Hotels group in 1985, will with
effect from 1 July 2003 relinquish the position of executive chairman. He will,
however, continue his close association with the group in his new position of
chairman. The company is grateful to Hans for his vision, commitment and
enthusiasm over many years and looks forward to benefiting from his ongoing
involvement and guidance in the future.
This change is being made in accordance with King II recommendations and local
and international corporate governance trends which separate the roles of
chairman and chief executive.
Mr Clifford Ross, currently managing director, will assume the role of chief
executive with effect from 1 July.
In other board changes, Mr Bill Dickson, a founding director of the group, will
retire from the board on 30 June. The company wishes to thank him for his many
years of valuable contribution and dedicated service.
In a move aimed at streamlining the board, current executive directors Mr Tony
Balabanoff and Mr Gary Bisset will step down from the board but will retain
their current executive positions as divisional operations directors and as
members of the Executive Committee (Exco). The company extends its thanks to
them for their loyal and meaningful board service.
To further strengthen the Exco, the current human resources manager Mr Marcel
Kobilski will become the divisional human resources director and join the Exco.
As a result of these changes, with effect from 1 July 2003, the board will
comprise:
Hans Enderle chairman
David Coutts-Trotter non-executive director
Buddy Hawton non-executive director
Frank Kilbourn independent non-executive director
Nigel Matthews independent non-executive director
Keith Shongwe independent non-executive director
Clifford Ross executive director - chief executive
Andrew Widegger executive director - financial director
Johannesburg
19 May 2003
Sponsor
HSBC Investment Services (Africa) (Pty) Ltd
Date: 19/05/2003 04:46:53 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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