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Standard Bank Investment Corporation Limited - Announcement

Release Date: 29/10/2001 16:37
Code(s): SBK
Wrap Text
Isin Code      :  ZAE000014858
Share Code     :  SBC

Rod Hyde (58) has asked to take retirement a year ahead of schedule. I have agreed to Rod's request with effect from 1 January 2002.
The bulk of the Operations Utility will be incorporated into Retail,
reporting to Alewyn Burger. Procurement and Facilities will report to Alan van Biljon as part of Group Finance. These changes will take effect from 1 January 2002.
Rod has served Standard Bank with distinction for 41 years. Since the formation of the Operations Utility in 1995 he has managed most of the bank's high volume processes and developed a capability to manage costs and efficiencies extremely effectively. His input at Group Executive level will be missed. I wish him well in his retirement. Jacko Maree 2001-10-29

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