ISCOR LIMITED - ISCOR ANNOUNCES ORGANISATIONAL CHA
ISCOR LIMITED - ISCOR ANNOUNCES ORGANISATIONAL CHANGES
Iscor Limited
(Incorporated in the Republic of South Africa)
(Registration number 1989/002164/06)
JSE Share code: ISC
ISIN: ZAE000037453
(`Iscor` or `the company`)
ISCOR ANNOUNCES ORGANISATIONAL CHANGES
Iscor today announced that the company`s board of directors has appointed Martin
Van Wijngaarden, currently Iscor`s chief operating officer, as the deputy chief
executive officer effective 1 July 2004. His appointment forms part of the
company`s long term succession planning.
Van Wijngaarden, who holds a doctorate in metallurgical engineering from the
University of Pretoria, has been with Iscor for 16 years. He was appointed chief
operating officer in September 2003 and previously held several senior
managerial positions within the company, including that of executive director
long steel products.
The company also announced that Davinder Chugh, currently the commercial
director, will now assume additional responsibilities in respect of Iscor`s
sales and marketing and information management functions. With effect from
1 July 2004, Chugh`s role will be expanded to commercial and marketing director.
Chugh holds degrees in science and law and has a master`s degree in business
administration. He has some 27 years experience in the steel industry, in
particular materials purchasing, logistics, warehousing and shipping. Before
joining Iscor in May 2002, he held the post of vice president: purchasing at
Ispat Europe, a member of the LNM Group.
Any queries please contact:
Rowan Goeller
Manager, Investor Relations
+27 12 352 2701
+27 83 667 7584
rowan.goeller@iscor.com
Pretoria
17 June 2004
Sponsor to Iscor:
Deutsche Securities (SA) (Proprietary) Limited
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