Massmart - Senior Executive Appointment
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1940/014066/06)
Share code: MSM
ISIN: ZAE000029534
(`Massmart` or `the company`)
SENIOR EXECUTIVE APPOINTMENT
Further to our announcement of 12 May 2005, we advise that Mr Kevin Vyvyan-Day
(40) will join Massmart on 1 August 2005 as a member of the Massmart Executive
Committee in the capacity of Divisional CEO of Makro, in which capacity he will
report to Massmart COO, Mr Fanus Nothnagel.
Kevin commenced his secondary education by obtaining his Bachelor of Commerce
and Bachelor of Accounting degrees at the University of the Witwatersrand,
before completing Articles to qualify as a Chartered Accountant in 1989. In
1992, he completed the course work, but not the thesis, for an MBA through Wits
Business School.
After qualifying as a CA, he served as the financial director of a small media
company, before practising as a management consultant for four years, initially
with Deloitte & Touche and later with Gemini Consulting.
In 1995, he joined United Pharmaceuticals Distributors as Group Operations and
Systems Director and was appointed CEO in 1996, in which capacity he led the
repositioning and turnaround of the company, which was subsequently purchased by
New Clicks Holdings and is today a high performing market leader in the
distribution of pharmaceuticals.
Kevin enjoys golf, travel and reading, but spends much of his leisure time with
his family.
We welcome Kevin to the Group in the knowledge that his managerial and
leadership skills will advance the progress of Makro and contribute to the
deliberations of the Massmart Executive Committee.
Johannesburg
31 May 2005
Sponsor
Deutsche Securities (SA) (Pty) Ltd
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