GRF
GRF
GRF - Group Five - Current CFO, Paul O`flaherty, Appointed As Group Five
Deputy CEO
GROUP FIVE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1969/000032/06)
Share code: GRF & ISIN: Code: ZAE000027405
("Group Five" or "the group")
CURRENT CFO, PAUL O`FLAHERTY, APPOINTED AS GROUP FIVE DEPUTY CEO
The board of directors of Group Five is pleased to announce the appointment of
current CFO, Paul O`Flaherty, as the group`s deputy CEO with effect from 31
March 2007. He will support the group`s growth strategy alongside Mike Upton,
who takes over as CEO when Mike Lomas retires.
O`Flaherty`s appointment reflects his expanded role which contributed to the
group`s success over the last few years and serves to further strengthen Group
Five`s executive management team as the group moves into a period of increased
activity.
O`Flaherty has been the CFO since 2003 and has focused on driving the financial
and efficiency initiatives of the group.
O`Flaherty has a Bcom, Bacc and is a Chartered Accountant. He was previously an
audit partner at PricewaterhouseCoopers, where he headed the Energy and Mining
team.
A replacement group Financial Director will be sought over the next few months,
who will report directly to O`Flaherty.
Sandton
12 December 2006
Sponsor
Nedbank Capital, a division of Nedbank Limited
Date: 12/12/2006 14:34:21 Produced by the JSE SENS Department.
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