EXECUTIVE DIRECTOR, ROD FORRESTER, TO HEAD UP EURO
Control Instruments Group Limited - Executive Director, Rod Forrester, To Head
Up European Sales, Engineering Support And Logistics Operation
CONTROL INSTRUMENTS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1964/003987/06)
Share Code: CNL
ISIN: ZAE000001665
(`Control Instruments` or `the Group`)
CONTROL INSTRUMENTS EXECUTIVE DIRECTOR, ROD FORRESTER, TO HEAD UP EUROPEAN
SALES, ENGINEERING SUPPORT AND LOGISTICS OPERATION
Rod Forrester, an executive director of Control Instruments and the CEO and
managing director of CI-Shurlok for the past 17 years, has been appointed with
immediate effect to head up the establishment of a European based sales,
engineering support and logistics business.
Forrester has an unparalleled knowledge of the industry with 36 years`
experience, ranging from sales, through engineering to manufacturing and
purchasing and is thus the perfect candidate to head up this strategically
critical operation for the Group.
The decision to establish a European based operation was taken as a result of
the rapid and ongoing integration of local OEM automotive companies into the
global supply chains and global manufacturing operations of their international
parent companies. In order to place the Group in a position to win an increasing
share of business on the `world vehicle platforms` of the international OEMs, it
is necessary for the Group to have staff and support facilities situated closer
to the design and engineering centres of the global OEMs. It is envisaged that
the operation will be fully established by 31 July 2005.
The Group is confident that this investment will enable it and its subsidiaries
to win an increasing share of business in its selected markets. In addition, it
will be able to offer its local OEM customers greater localisation and other
opportunities.
Cape Town
18 March 2005
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 18/03/2005 04:42:15 PM
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