Incorporated in the Republic of South Africa
(Registration No. 1924/002590/06)
Share code: AFE ISIN No. ZAE000000220
(?AECI? or ?the Company? or ?the Group?)
APPOINTMENT OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE
Shareholders were advised in AECI?s SENS announcement of 25 July 2012
that Graham Edwards intends retiring from his position as Chief
Executive of the Company. The date of his retirement has now been
confirmed as 28 February 2013.
The Board of Directors (?the Board?) acknowledges Graham?s service to
the Group during his 34-year career and thanks him for his
contribution to the Board since his appointment as an Executive
Director in 2007 and Chief Executive in March 2008.
AECI is pleased to announce that Mark Dytor (51) will succeed Graham
as Chief Executive, with effect from 1 March 2013. Mark will join
the Board as an Executive Director on 2 January 2013 and Graham will
remain at AECI until end-March 2013 to assist with the handover of
Mark Dytor currently holds a portfolio of Chairmanships at companies
in AECI?s specialty chemicals cluster and he has been leading the
Company?s strategic growth thrust in mining chemicals. Having joined
Chemical Services Limited (?Chemserve?) as a sales representative in
1984, and after managing two Chemserve companies, Mark was appointed
to Chemserve?s Executive Committee in 1998 and subsequently to its
Board. He was appointed to AECI?s Executive Committee in 2010.
Within the AECI Group, Mark is also a Non-Executive Director of AEL
Mining Services Limited.
My fellow Board members join me in congratulating him on his
appointment and we look forward to his input as AECI continues to
pursue its strategy of being the supplier of choice for explosives
and specialty chemicals in Africa and in other developing markets.
28 November 2012
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 28/11/2012 08:10:00 Supplied by www.sharenet.co.za
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