Alex White Holdings Limited - Directors" appointme
Alex White Holdings Limited
(Registration number 1949/035016/06)
Share code: ALX
ISIN: ZAE000000386
("Alex White" or "the company")
APPOINTMENT OF BOARD CHAIRMAN AND BOARD RESTRUCTURE
Appointment of Board Chairman
The directors of Alex White Holdings Limited are pleased to announce the
appointment of Derrick Minnie as a director of Alex White Holdings Limited and
chairman of the board of directors ("the board") with effect from 1 July 2003.
Derrick has many years of experience of the paper, printing and packaging
industries in which the group operates and has served and continues to serve on
the boards of a number of prominent South African companies.
The directors of the company are confident that Derrick"s appointment will add
to the strength of the board and enhance the management of the group.
Board Restructure
In order to separate the functions of managing and directing the company in the
interests of sound corporate governance, the following directors of Alex White
Holdings Limited have resigned as directors of the company:
With effect from 30 June 2003:
Graham Rupert Jeffery
Kenneth Kay
Leal Richard Shawe Wright
With effect from 1 July 2003:
Patrick John Kane
They remain directors of various subsidiary companies of the group.
Constitution of the Board
The board of directors and executive management of the company will be as
follows with effect from 1 July 2003:-
MEMBERS OF THE BOARD OF DIRECTORS OF ALEX WHITE HOLDINGS LTD
D. Minnie Independent non-executive director and chairman
H.V. Brunner Non-executive director
M.R. Thompson Independent non-executive director
T.P. Kane Executive director and chief executive officer
MEMBERS OF THE EXECUTIVE MANAGEMENT BOARD OF THE ALEX WHITE HOLDINGS LTD GROUP
OF COMPANIES
T P Kane Chief executive officer
P.J. Kane Chief financial officer
L.R.S. Wright Managing director of Alex White & Co (Pty) Ltd
G.R. Jeffery Managing director of Rand Data Forms (Pty) Ltd
H.J. du Toit Director and general manager of Cape Wrappers (Pty) Ltd
K.Kay Director of Alex White Investments (Pty) Ltd
Both boards will interact freely in the exchange of information to enhance the
performance of the Group and to maximise value for all stakeholders.
BY ORDER OF THE BOARD
T P KANE
CHIEF EXECUTIVE OFFICER
1 July 2003
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