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LIBERTY GROUP LIMITED - RESTRUCTURING OF EXECUTIVE COMMITTEES
LIBERTY GROUP LIMITED
Registration number 1957/002788/06
Alpha Code LGL
Issuer Code LIBU
ISIN Code ZAE000024543
Incorporated in the Republic of South Africa
PRESS RELEASE - 4 June 2003
LIBERTY GROUP LIMITED - RESTRUCTURING OF EXECUTIVE COMMITTEES
In an effort to remove duplication of committees and to run the Liberty Group as
one integrated business going forward changes to various committees, processes
and reporting lines will be implemented with immediate effect.
A single committee will replace the existing Insurance Operations Committee and
the Investment Operations Committee. This committee will be known as the
Liberty Operations Committee and its membership will comprise of :
Myles Ruck Chief Executive
Deon de Klerk Chief Financial Officer
Themba Gamedze Executive - Special Projects and Empowerment
Mike Garbutt Managing Director - Consultancy
Lee Izikowitz Chief Information Officer
Craig Lawrence Human Resources Executive
Andrew Lonmon-Davis Chief Actuary
Ian Maron Managing Director - Corporate Benefits
Martin Smale Managing Director - Personal Benefits
Alan Woolfson Managing Director - Charter Life
The Executive Management Committee or EMC, as it is currently known, will be
reconstituted as an executive communication forum. It will meet fortnightly,
and will serve as a vehicle for interaction between members to update each other
on the major successes/issues/challenges currently facing the various business
units. Membership will comprise the Liberty Operations Committee members as
well as:
Mark Alexander Group Risk Executive
Hylton Appelbaum Executive Director - Liberty Foundation
Leanne Dewey Divisional Director - Legal Services
Jim McClean Managing Director - Properties
Ron Mitchell CEO - Liberty Ermitage
Mike Jackson has advised that, after 29 years with the Group, the planned
restructuring presents him with an appropriate opportunity to expedite his
retirement which was scheduled for about a year"s time. Consequently it has been
agreed that Mike will be retiring at the end of June. Mike has played a
significant role in building Liberty to what it is today and we thank him for
his meaningful contribution to the Group"s success over many years.
With the exception of Mike Garbutt who will report directly to the Chief
Executive, Myles Ruck, those people who previously reported to Mike Jackson will
ultimately report to his replacement. In addition, in a further restructuring
move, Brand Development will report to Myles Ruck and Healthcare will report to
Martin Smale with immediate effect.
For further information please contact :
Myles Ruck
Chief Executive
Liberty Group Limited
Telephone (27 11) 408 2001
Cell 083 250 0183
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