Italtile - Change to the board of directors
Italtile Limited
(Incorporated in the Republic of South Africa)
(Registration number 1955/000558/06
Share code: ITE
ISIN: ZAE000003679
(`Italtile`)
CHANGE TO THE BOARD OF DIRECTORS
In accordance with Section 3.59 of the Listings Requirements of the JSE
Securities Exchange South Africa, Italtile shareholders are advised that the
Board of Directors has appointed Mr Derek Rabin as Non-Executive Chairman with
effect from 08 December 2004.
In pursuit of sound corporate governance as proposed by The King Code 2002, the
function of Chairman and Chief Executive Officer within Italtile will be
formally separated with the appointment of Mr Rabin. Mr Gianni Ravazzotti,
founder of the group, has held both positions since June 2001. He will retain
the role of Chief Executive Officer.
Mr Rabin has been associated with the company for 34 years and was appointed to
the Board as a Non-Executive Director in 1990. Mr Rabin, an attorney admitted
to practice in the High Courts of Lesotho and the Republic of South Africa is a
well-known corporate and legal advisor and a consultant to the law firm
Routledge Modise Moss Morris. Mr Rabin has served on the boards of a number of
listed companies and is immediate past Chairman of Honeywell Southern Africa.
Johannesburg
9 December 2004
Sponsor
Nedbank Capital
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