APN
APN
APN - Aspen - Appointment of alternate director
ASPEN PHARMACARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1985/0002935/06
Share code: APN
ISIN: ZAE000066692
("Aspen" or "the Company")
APPOINTMENT OF ALTERNATE DIRECTOR
Aspen has appointed Derek Thomas, BCom (Finance and Economics); BCom (Hons)
(Economics); MCOM (Economics); MSc (Economics), as an alternate director
to Pasco Dyani with effect from 6 February 2007.
Since 2000, Derek has served as CEO of CEPPWAWU Investments (Pty) Ltd, a
broad based black economic empowerment investment company (wholly owned by
a Trust formed and managed by CEPPWAWU, the major union in sectors such as
pharmaceuticals, chemicals, energy, paper, packaging and printing). Derek
has successfully concluded a number of profitable and transformational
Broad-based Black Economic Empowerment transactions.
He also serves CEPPWAWU, as a trade union, (by invitation) directly on a
number of high-level project committees in the union`s financial arena.
Previously Derek served as a consultant at Letsema Consulting. In this
capacity he worked closely with Mercer Management Consulting (an
international management consulting company, headquartered in Boston,
Massachusetts, USA) with whom Letsema had a joint venture agreement.
Derek has diversified project experience, including public sector and
parastatal institutional and operational reform, private sector business
case development, financial structuring and industrial and enterprise
strategy. His experience covers a number of industry sectors and clients,
all in a senior capacity. Derek maintains an ad hoc consulting relationship
with senior government officials (including DG level) in the `Economic
Cluster`, especially the Department of Public Enterprises (DPE).
He serves on the following Boards in a non-executive capacity:
- Transpaco Limited (including respectively strategy, and remuneration
sub-committees; audit sub-committee by standing invitation)
- Barloworld Logistics Africa (Pty) Ltd (including audit sub-committee)
- Various private company boards within Letsema Holdings (Pty) Ltd.
Aspen believes that with his qualifications and experience Derek will make
a valuable contribution and look forward to working with him.
Woodmead
15 February 2007
Sponsor: Investec Bank Limited
Date: 15/02/2007 15:07:00 Produced by the JSE SENS Department.
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