NEDCOR LIMITED - RESIGNATION AND APPOINTMENT OF NON-EXECUTIVE DIRECTORS
NEDCOR LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
ISIN code: ZAE000004875
(`Nedcor`)
RESIGNATION AND APPOINTMENT OF NON-EXECUTIVE DIRECTORS
Following the announcement by Old Mutual plc on 17 December 2004 of the intended
retirement of its chairman, Mr Mike Levett, the board of directors of Nedcor
announces the resignation of Mr Levett as a non-executive director from the
boards of Nedcor and Nedbank Limited with effect from 31 December 2004.
Mr Bob Head has been appointed as a non-executive director to the boards of
Nedcor and Nedbank Limited to replace Mr Levett with effect from 1 January 2005.
Mr Head (45) is currently director responsible for group human resources, brand
and strategy at Old Mutual plc, based in London. He joined Old Mutual as
strategy director in April 2003 and was seconded to Nedcor in 2004 for seven
months as acting chief financial officer.
Nedcor chairman, Warren Clewlow, said Mr Head`s extensive experience with the
bank during the year made him an ideal candidate for a position as non-executive
director and the board looked forward to benefiting from his financial and
strategic acumen.
The board extends its thanks to Mr Levett for the considerable role that he has
played as a director and as a member of various board sub-committees over the
past 17 years.
Sandton
3 January 2005
For further information contact
Tier 1 Investor Relations
Tel: +27 (0) 21 702-3102
Sponsors to Nedcor
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 03/01/2005 10:04:25 AM
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