Intervid Limited - Changes To The Board Of Directo
Intervid Limited - Changes To The Board Of Directors
Release Date: 14/08/2003 17:10:02 Code(s): ITV
Intervid Limited - Changes To The Board Of Directors
Intervid Limited
(Incorporated in the Republic of South Africa)
(Registration number 1999/011483/06)
Share code: ITV
ISIN : ZAE000025615
("Intervid")
In compliance with rule 3.67 of the JSE Listings Requirements, the following
information is disclosed:
Intervid Limited is pleased to announce the appointment of two directors to the
Board with effect from 13 August 2003.
Mr Wayne Jaggard, who was appointed Chief Financial Officer on 30 June 2003, was
appointed as an executive director and will assume the financial portfolio on
the Board. Wayne served his articles with Deloitte & Touche and has since held
senior financial management positions at Robertsons and Umgeni Water. He joined
the executive management team of Intervid in September 2002 as head of group
financial affairs having gleaned a wealth of experience in a senior financial
management role. Wayne reports to the CEO and is directly responsible for the
financial management of the group. Wayne recently completed his MBA through
Henley Management College in London.
Mr Johann Pieterse, the former managing director of Teljoy, was appointed as a
non-executive director. A Chartered Accountant by profession, Johann served as
managing partner of the Belville practice of PWC early in his career. During
his tenure as Financial Director at Pepkor, the company experienced exponential
growth. After a three year sabbatical, he was approached by Nasionale Pers to
turnaround Van Schaik Bookstore & Media Stationers - divisions of Nasionale
Pers. His brief was to manage the corporate recovery of these two divisions by
re-establishing profitability over the short term, a task he successfully
completed. He subsequently was recommended to lead the successful turnaround of
Teljoy, followed by is merger with Vodacom. Johann also serves as a director of
Strategy Partners, specialists in corporate restructuring and turnaround.
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
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