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AFX - African Oxygen Limited - Afrox announces the appointment of Tjaart Kruger

Release Date: 18/01/2007 11:56
Code(s): AFX
Wrap Text

AFX - African Oxygen Limited - Afrox announces the appointment of Tjaart Kruger as its new Managing Director African Oxygen Limited (Incorporated in the Republic of South Africa) (Registration number 1927/000089/06) JSE code: AFX NSX code: AOX ISIN: ZAE000067120 ("the company") 18 January 2007 PRESS RELEASE Afrox announces the appointment of Tjaart Kruger as its new Managing Director Rick Hogben to retire after 13 years with the company African Oxygen Limited (Afrox) has announced that Tjaart Kruger, currently an Executive at Tiger Brands Ltd, is to become the new Managing Director and CEO of Afrox - the industrial gases, welding and safety products group. He takes over a company with a turnover of R4 billion. He joins Afrox on 1 March and his appointment as Managing Director is effective from 1 April 2007. Tjaart, aged 47, has held various executive positions in Tiger, recently the positions of Managing Executive for Adcock Ingram Pharmaceuticals Division (R2bn turnover) and Managing Executive of the Grains Division (R5bn turnover). In addition to his executive responsibilities, he is also a member of the Group Strategy team. He previously held a variety of positions in several South African companies. He is a chartered accountant and a commerce graduate from the University of Johannesburg and participated in the Harvard Business School management development programme in 1995. He replaces Rick Hogben, who will be retiring as Managing Director and CEO of Afrox after six years and 13 years with the company. Rick was previously Managing Director of Afrox Healthcare Limited, the hospital group which Afrox exited in 2005, and joined Afrox from the SABMiller group in 1994. Afrox Chairman, Kent Masters, executive board member of Afrox`s parent company The Linde Group, commented: "Rick has led Afrox for the last six years and I`d like to pay tribute to his drive, energy and professionalism throughout that time. In Tjaart, I believe we have a worthy successor. He has successfully led a number of high growth businesses in South Africa and also has wide experience of working within international groups. Afrox is well positioned for growth over the next few years and I`m very confident that Tjaart will build on that in the future." Afrox remains committed to achieving above average growth for its shareholders, built on the back of excellence in customer service and the industry`s strongest brand and national distribution network. Afrox operates in South Africa and in 16 other countries in Africa, and is the leader in the markets it serves. It celebrates its 80th year this year, and its 44th since listing on the JSE in 1963. Further information: Chris Fieldgate Office: 011- 490 0430 Cell: 082 495 1481 Simon Miller Office: 011- 490 0466 Cell: 082 891 5149 Date: 18/01/2007 11:56:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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