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Aspen Pharmacare - press release

Release Date: 06/05/2003 15:51
Code(s): APN
Wrap Text

Aspen Pharmacare - press release ASPEN PHARMACARE HOLDINGS LIMITED (INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA) (REGISTRATION NUMBER 1985/002935/06) ISIN: ZAE000023586 SHARE CODE: APN ("Aspen") Aspen Pharmacare announced today that Leslie Boyd has agreed to join the Board of the company as an independent non-executive director. Mr Boyd spent thirty two years at Anglo American Corporation including ten years as managing director and nine years as chairman of Highveld Steel. During that period he served on a number of boards including Anglo American Corporation of which he was deputy chairman for eight years. He is currently the non-executive chairman of Datatech and Imperial Holdings and a non-executive director of ABSA, Anglo American Platinum, Highveld Steel, Kersaf and Tongaat Hullett amongst others. Stephen Saad, group chief executive of Aspen Pharmacare welcomed Mr Boyd to the Board and said that with his extensive experience Mr Boyd is expected to make a meaningful contribution to the affairs of Aspen Pharmacare. Mr Boyd stated that he has been impressed by the substantial progress made by Aspen Pharmacare since taking over the pharmaceutical business of SA Druggists and by the growth in the cash generated from operations and in profits. He said that he is happy to be joining the Board of Aspen Pharmacare and is looking forward to participating as a non-executive director in the future development of South Africa"s largest listed pharmaceutical manufacturer. Durban 06 May 2003

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