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Massmart - Senior Executive Appointment

Release Date: 31/05/2005 10:53
Code(s): MSM
Wrap Text

Massmart - Senior Executive Appointment Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1940/014066/06) Share code: MSM ISIN: ZAE000029534 ("Massmart" or "the company") SENIOR EXECUTIVE APPOINTMENT Further to our announcement of 12 May 2005, we advise that Mr Kevin Vyvyan-Day (40) will join Massmart on 1 August 2005 as a member of the Massmart Executive Committee in the capacity of Divisional CEO of Makro, in which capacity he will report to Massmart COO, Mr Fanus Nothnagel. Kevin commenced his secondary education by obtaining his Bachelor of Commerce and Bachelor of Accounting degrees at the University of the Witwatersrand, before completing Articles to qualify as a Chartered Accountant in 1989. In 1992, he completed the course work, but not the thesis, for an MBA through Wits Business School. After qualifying as a CA, he served as the financial director of a small media company, before practising as a management consultant for four years, initially with Deloitte & Touche and later with Gemini Consulting. In 1995, he joined United Pharmaceuticals Distributors as Group Operations and Systems Director and was appointed CEO in 1996, in which capacity he led the repositioning and turnaround of the company, which was subsequently purchased by New Clicks Holdings and is today a high performing market leader in the distribution of pharmaceuticals. Kevin enjoys golf, travel and reading, but spends much of his leisure time with his family. We welcome Kevin to the Group in the knowledge that his managerial and leadership skills will advance the progress of Makro and contribute to the deliberations of the Massmart Executive Committee. Johannesburg 31 May 2005 Sponsor Deutsche Securities (SA) (Pty) Ltd Date: 31/05/2005 10:53:12 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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