Kumba has welcomed the decision to reconstitute the Ticor board of directors following the announcement yesterday (5 Apr 04) by Messrs. Richard Carter and Peter Bradfield to resign from the board at the forthcoming annual general meeting. Kumba had previously advised of its intention to nominate one of its directors, Charles Meintjes as a director, but to also propose a reduction in the total number of directors on the Ticor board from eight to seven, of whom only two would be Kumba appointees. This has been a strategy that has been developed and adopted over the last two years.
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