Cashbuild Limited - Press Release : Cashbuild planning to bolster management
team
Cashbuild Limited
Registration number: 1986/001503/06
(Incorporated in the Republic of South Africa)
Share Code: CSB ISIN Code: ZAE000028320
("Cashbuild" or "the company")
PRESS RELEASE
CASHBUILD PLANNING TO BOLSTER MANAGEMENT TEAM
In line with Cashbuild"s growth objectives, it has embarked on a plan to
strengthen its management team. Mr Craig Daly, currently the financial
director, will take on a new role as "Executive director : Strategic Projects"
to ensure Cashbuild focuses on strategies that will allow Cashbuild to maintain
its competitive edge. Says Pat Goldrick, the Chief Executive of Cashbuild,
"With Craig"s high level understanding of the group, its strategic focus and
priorities, this appointment is a logical next step. Craig"s new focus will
enable him to guide both Cashbuild"s operations and long term strategies by
driving critical initiatives such as information technology systems
implementations, logistics management and ISO9002 implementation."
Together with Cashbuild"s core management team of 42 key individuals, this
appointment will provide Cashbuild with the depth of management needed to
successfully grow its business, both by way of organic growth in existing stores
and by opening new stores. Cashbuild has already opened 8 new stores year to
date and envisages opening a further 6 stores during the current financial year
ending June 2004.
Cashbuild is in the process of screening suitable candidates for the position of
financial director. In addition, Cashbuild is looking to bolster its board of
directors by appointing a new non-executive director and to recruit an HR
Manager to drive its staff development strategies.
Johannesburg
16 March 2004
Sponsor
Nedbank Corporate
Date: 16/03/2004 11:12:07 AM Produced by the JSE SENS Department
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