| Thu 23 Mar 2006, 9:05 | | Beige Holdings Limited - Board Restructure |
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BEG
BEG
Beige Holdings Limited - Board Restructure
BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
("Beige" or "the company")
ISIN Code: ZAE000034161 Share code: BEG
BOARD RESTRUCTURE
In compliance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, the board of directors of Beige are pleased to announce the following
restructure.
Messrs JA Noble, Dr PJD Gubb and RH Weissenberg have been appointed to the
board, Messrs KDD de Villiers and NP le Roux have resigned from the board and JH
Rawlings has moved from an executive role to a non-executive role, with effect
from 20 March 2006.
After the above changes the board will comprises the following:
Mr John Hutchings Rawlings - Non-executive chairman
Mr Mark Mario Di Nicola - Chief Executive Officer
Mr John Alexander Noble - Chief Operating Officer
Mr Ian Leroy Stromin - executive director
Mr Lionel Ivor Karp - non-executive director
Dr Peter John Digby Gubb - non executive director
Mr Ronald Harry Weissenberg - non executive director
Mr John Alexander ("Jack") Noble holds a B.Sc Honours in Chemistry, graduating
from St. Andrews, Scotland in 1972, after which he joined Boots Chemists. Jack
came to South Africa and joined Revlon in 1974 as Quality Assurance Manager and,
in 1978, joined Avroy Shlain as a cosmetic chemist. In 1988 Jack was appointed
as Managing Director of Avroy Shlain, which was sold to Sara Lee in 1993.
During this time Jack obtained a PMD from the UCT Graduate School of Business.
In 1996, he joined Dragaco GmbH, a German company manufacturing fragrances and
flavours, until 2004 when he joined ClassiClean as part of an MBO team to turn
the company around and which was sold to Tiger Brands in February 2006. Jack
has joined the Beige board as a senior executive director, holding the position
of Chief Operating Officer, and will have the prime responsibility for managing
and building the Beige operations in Johannesburg.
Dr Peter John Digby ("Peter") Gubb attended the University of Cape Town,
obtaining his PhD in 1970 and MBA in 1971. Peter spent a major part of his
career with the AECI Group from 1972 to 2000. During this time period he served
as the group purchasing manager from 1981 to 1984 and became the first managing
director for Chemical Resources from 1985 to 1987. Peter also acted as director
of AECI Chlor-Alkali & Plastics from 1987 to 1990 and later became general
manager for the Biotechnology Business Unit, which company built the Lysine
Plant for the AECI group. Peter joined the Protea Chemicals Group in 2000 as an
executive director of Protea Chemicals Inland and in 2003 was appointed as
Managing Director of Intaba Animal Nutrition until 2005. Peter is the Managing
Director of Tengisa Bulk Chem, which he founded, and has an interest in new
business developments and businesses which are on the recovery path. Peter has
joined the board of Beige as a Non-Executive Director.
Mr Ronald Harry ("Ron") Weissenberg is a full registered member of the American
Institute of Chemical Engineers and obtained his Masters in neuro linguistic
programming, specialising in modelling human excellence. Ron was the chairman
for the Association of Industrial Minerals, Metals and Mining from 1993 to 1996
and at the same time served as an exco member of the Chamber of Mines of SA
responsible for negotiating on behalf on the junior mining industry. In 1998 he
became an Elected Fellow of the Institute of Directors of Southern Africa. Ron
is an entrepreneur and has founded and built up a number of businesses in the
chemical, engineering and mining industries. He is currently the Executive
Chairman of Micronized Holdings (Pty) Ltd and has joined the Beige board as a
Non-Executive Director.
In accordance with AltX Listings Requirements, shareholders are advised of the
risks of investing in a company listed on the AltX and that the JSE does not
guarantee the viability or the success of a company listed on the AltX. In
terms of the JSE Listings Requirements, a Designated Advisor has to be retained
by the company. The Designated Advisor is required, inter alia, to attend all
board meetings held by the company to ensure that all the JSE Listings
Requirements and applicable regulations are complied with, approve the financial
director of the company and guide the company in a competent, professional and
impartial manner. If the company fails to retain a Designated Advisor it must
make arrangements to appoint a new Designated Advisor within 10 business days,
failing which the company faces suspension of trading of its securities. If a
Designated Advisor is not appointed within 30 days of its suspension, the
company faces the termination of its listing without an offer to minorities.
Johannesburg
23 March 2006
Designated Advisor
Arcay Corporate Services
Date: 23/03/2006 09:05:11 AM Produced by the JSE SENS Department
