Sharenet Sites 
Sharenet Sites
Retirement of Chairman, Appointment of New Chairman and Restructuring of the Joint-CEO function
CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("CRG" or "the Company")
RETIREMENT OF NON-EXECUTIVE CHAIRMAN, APPOINTMENT OF
INDPENDENT NON-EXECUTIVE CHAIRMAN AND RESTRUCTURING OF
THE JOINT-CEO FUNCTION
In compliance with section 3.59 of the Listings
Requirements of the Johannesburg Stock Exchange,
shareholders are advised that with effect from the 31st of
October 2013 the board of Cargo Carriers has been
restructured as set out below.
Mr Stan Chilvers has decided to retire and so has
resigned as Non-executive Chairman and as a director of
the Company. Mr Chilvers has been associated with the
company in various capacities for 49 years, from 1985 as
a director and from 2001 as Chairman of the board. Mr
Chilvers has been a respected and valuable member of the
Cargo Carriers ‘family’ and it is with great sadness that
the board bids him farewell. The board would like to
thank Mr Chilvers for the leadership and guidance that he
has provided to the Company over the years and wish him
well in his retirement.
The board is pleased to announce that Mrs Sizakele
Mzimela has been appointed as Independent Non-executive
Chairman of the Company. Mrs Mzimela has been a member
of the board since 2008 and her knowledge of the Company
and leadership skills position her well to take over the
reins from Mr Chilvers. The board welcomes Mrs Mzimela to
her new role.
Since 1992 the Company has been led by joint chief
executive officers, Mr Murray Bolton and Mr Garth Bolton.
Mr G Bolton has recently assumed additional
responsibilities outside of Cargo Carriers and has
accordingly decided to step down as joint CEO of the
Company. He will, however, remain as an executive
director of the board, whilst Mr M Bolton will continue
to fulfil the role and responsibilities of Chief
Executive Officer.
Johannesburg
31 October 2013
Sponsors
Arcay Moela Sponsors Proprietary Limited
Date: 31/10/2013 05:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
